City Union Bank Limited

RBI imposed a ₹10.10 lakh penalty on City Union Bank Limited for compliance failures linked to priority sector lending and SHG data reporting. The bank was found to have levied charges on certain small agriculture loans and not reported SHG member-level data to CICs.

City Union Bank must absorb the monetary penalty and address the compliance gaps identified by RBI. The release does not describe any operational restriction, but it signals supervisory scrutiny over priority sector lending charges and SHG member-level reporting obligations to Credit Information Companies.

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

RBI has imposed a ₹66 lakh penalty on City Union Bank Limited for regulatory non-compliance. The issues related to divergence in NPA reporting and gaps in KYC-related risk review processes.

City Union Bank must absorb the monetary penalty and address the compliance lapses identified by RBI. The forward-looking implication is heightened supervisory scrutiny over NPA reporting and KYC risk-review controls, with no stated restriction on normal banking operations or customer access.

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

RBI imposed a ₹1 crore monetary penalty on City Union Bank Limited for non-compliance with certain lending-related directions and circulars. The action followed statutory inspection findings and a show-cause process.

City Union Bank must absorb the penalty and address the compliance gaps identified by RBI in its lending processes. The order does not invalidate customer transactions, but it signals supervisory findings of non-compliance in MSME, education, and agricultural lending practices.

• Section 47 A (1) (c) read with Section 46 (4) (i) 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.