Andhra Bank

RBI imposed a monetary penalty of Rs 25 lakh on Andhra Bank for non-compliance with certain KYC/AML and current account opening directions. The bank was found to have failed to adhere to those RBI instructions after examination and show-cause proceedings.

Andhra Bank is liable to pay the monetary penalty, but the press release does not indicate any operational restriction or suspension. The finding is limited to regulatory non-compliance and does not pronounce on the validity of customer transactions or agreements.

• section 47 A (1) (c) read with section 46 (4) (i) and section 51 (1) of the Banking Regulation Act, 1949

RBI imposed monetary penalties on four banks, including Allahabad Bank, Andhra Bank, Bank of Maharashtra, and Indian Overseas Bank. The penalties were for non-compliance with several RBI directions.

The four banks must absorb the monetary penalties and address the compliance deficiencies identified by RBI. The action does not itself restrict operations, but it signals continued supervisory scrutiny over their internal controls and regulatory adherence.

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

This RBI action affected 4 entities. This profile is linked as bulk member.

RBI imposed penalties on 12 banks in connection with scrutiny of accounts related to M/s. Deccan Chronicle Holdings Ltd. The banks were found to have violated RBI instructions/directions/guidelines.

Each named bank must bear the imposed penalty; there is no indication of an operational restriction or cancellation. The action signals regulatory non-compliance tied to lending/account handling in relation to the borrower, but the release says it does not determine the validity of any transaction or agreement between the banks and the borrower.

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

This RBI action affected 12 entities. This profile is linked as primary.

RBI imposed monetary penalties on 22 banks for various KYC/AML and related compliance violations. The release also says seven other banks were only cautioned, not fined.

Each of the 22 named banks must bear the monetary penalty and face the compliance finding recorded by RBI. The action does not impose an ongoing operational restriction, but it signals supervisory concerns over KYC/AML and transaction-monitoring controls.

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

This RBI action affected 22 entities. This profile is linked as primary.