Airtel Payments Bank Limited

RBI imposed a monetary penalty of Rs 31.80 lakh on Airtel Payments Bank Limited for non-compliance with disclosure requirements. The bank was found to have omitted certain complaints from its annual financial statements for FY 2024-25.

Airtel Payments Bank Limited must absorb the monetary penalty and address the disclosure-compliance lapse internally. The order does not itself invalidate customer transactions or agreements, but RBI notes it may initiate any other action separately if warranted.

• section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed a ₹5 crore penalty on Airtel Payments Bank Limited for non-compliance with payments bank operating guidelines and KYC directions. The regulator cited deficiencies found during a supervisory visit and related complaints/adverse media reports.

Airtel Payments Bank must absorb the financial penalty and ensure stronger compliance with RBI’s payments-bank operating requirements and KYC norms. The action does not itself impose an operational restriction, but it signals heightened supervisory scrutiny over customer onboarding and compliance controls.

• Section 47A(1)(c)
• Section 46(4)(i) of the Banking Regulation Act, 1949