Case Brief
What Happened
By an order dated May 14, 2026, RBI imposed a monetary penalty on The Aurangabad District Central Co-operative Bank Limited, Bihar. The penalty was issued after NABARD's statutory inspection and RBI's supervisory review found non-compliance with RBI directions on credit information reporting. RBI sustained the charge that the bank had failed to submit credit information of its borrowers to all four Credit Information Companies, and imposed the penalty under Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.