Canara Bank

RBI imposed a monetary penalty of Rs 41.80 lakh on Canara Bank for non-compliance with KYC and inoperative-account directions. The bank had delayed CKYCR uploads and misclassified some accounts as inoperative.

Canara Bank must absorb the monetary penalty and address the compliance gaps identified by RBI. Going forward, it needs to ensure timely CKYCR uploads and correct classification of inoperative accounts to avoid further supervisory or enforcement action. The penalty does not by itself invalidate customer transactions or agreements, but RBI said additional action may still be initiated if warranted.

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

RBI imposed a ₹1.636 crore penalty on Canara Bank for breaches of directions on priority sector lending, deposit interest, and basic savings bank deposit account rules. The bank was found to have levied charges on some small PSL loans, failed to pay interest on some savings accounts, and held duplicate savings/BSBD accounts for the same customers.

Canara Bank must absorb the monetary penalty and address the compliance gaps identified by RBI. The release does not impose an operational restriction, but it signals continued supervisory scrutiny and the possibility of further RBI action if similar deficiencies persist. The issues affect depositors and small-borrower customers, especially those covered by savings account interest requirements, BSBD account rules, and priority sector lending norms.

• Section 47A(1)(c)
• Sections 46(4)(i)
• Section 51(1) of the Banking Regulation Act, 1949

RBI imposed a monetary penalty of Rs 32.30 lakh on Canara Bank for regulatory non-compliance. The lapses related to credit information reporting and resolution framework directions.

Canara Bank must absorb the monetary penalty and continue meeting RBI compliance expectations on credit-information reporting and restructuring norms. The order does not itself alter customer contracts, but it highlights supervisory scrutiny over the bank's regulatory processes.

• section 47A(1)(c) read with sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949
• section 25(1)(iii) read with section 23(4) of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a monetary penalty of Rs 2.92 crore on Canara Bank for multiple compliance lapses. The issues spanned lending-rate directions, customer protection, customer service, and KYC requirements.

Canara Bank must absorb the penalty and address the compliance deficiencies identified by RBI. The order does not invalidate customer transactions, but it signals supervisory scrutiny over loan pricing, deposit-account opening, customer charges, KYC processes, and transaction-monitoring controls.

• 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 36 banks for non-compliance with SWIFT-related operational control directions. The penalties were issued by orders dated January 31 and February 25, 2019.

The penalized banks must absorb the financial penalty and continue improving compliance with SWIFT-related controls. RBI also stated it will continue to closely monitor adherence to these controls on an ongoing basis; the action does not pronounce on the validity of customer transactions or agreements.

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

This RBI action affected 36 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on 13 banks for KYC/AML and related regulatory violations. The scrutiny also found issues around account monitoring, STR filing, and FEMA-related compliance.

The penalised banks must absorb the monetary penalties and address the compliance gaps identified by the RBI, particularly around KYC, transaction monitoring, STR reporting, and FEMA-related controls. The eight other banks named in the release were not penalised, but were advised to strengthen measures and periodically review compliance processes on an ongoing basis.

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

This RBI action affected 21 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 bulk member.

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 bulk member.

RBI imposed a Rs. 5 lakh penalty on Canara Bank under Section 47A(1)(b) of the Banking Regulation Act. The penalty was for improper reckoning of external liabilities for CRR/SLR computation and failure to provide revised returns.

Canara Bank must absorb the monetary penalty; the release does not impose any ongoing operational restriction. The matter is a compliance enforcement action concerning CRR/SLR calculation and regulatory reporting for the relevant period.

• Section 47A(1)(b) of the Banking Regulation Act, 1949