A source-linked record of 9 RBI actions, their timing, severity, and recurring regulatory themes.
9 actions across 4 years.
2013
1 action
2014
1 action
2016
1 action
2019
6 actions
Source-linked record
9 linked actions
RBI imposed a monetary penalty of Rs 1.50 crore on Corporation Bank.
Corporation Bank is required to absorb the monetary penalty and address the compliance gaps identified by RBI. The order does not invalidate customer transactions or agreements, but it signals heightened regulatory scrutiny over the bank's prudential, reporting, and control systems.
RBI imposed monetary penalties on eleven banks for delayed or non-reporting of frauds under its fraud classification and reporting directions.
The affected banks must absorb the monetary penalties and are put on notice for lapses in fraud reporting and regulatory compliance. The action has no stated withdrawal or operational ban, but it underscores expectations for timely fraud reporting to RBI going forward.
This RBI action affected 11 entities. This profile is linked as bulk member.
RBI imposed a ₹1 crore penalty on Corporation Bank for non-compliance with cyber security and fraud reporting directions. The violation was identified after a cyber-security incident involving fraudulent transactions on a cancelled debit card.
Corporation Bank is required to bear the ₹1 crore penalty and address the compliance gaps identified by RBI in its cyber security controls and fraud reporting processes. The action has no stated direct restriction on business operations, but it signals heightened regulatory scrutiny over the bank’s incident handling and reporting obligations.
RBI imposed monetary penalties on four banks for non-compliance with KYC/AML directions and rules on opening current accounts. The penalties were levied after show-cause notices and hearings.
The four banks must absorb the penalty and continue operating, but the order records regulatory non-compliance. The action has no stated customer-level transaction invalidation, and RBI explicitly says it is not pronouncing on the validity of any transaction or agreement entered into with customers.
This RBI action affected 4 entities. This profile is linked as bulk member.
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.
This RBI action affected 36 entities. This profile is linked as bulk member.
RBI imposed monetary penalties on four banks for non-compliance with several supervisory directions. The banks named are Bank of Baroda, Corporation Bank, State Bank of India, and Union Bank of India.
The named banks are required to bear the imposed penalties and address the compliance deficiencies identified by RBI. The action has no stated direct restriction on banking operations or customer access, but it signals supervisory findings that may affect regulatory scrutiny going forward.
This RBI action affected 4 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.
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.
This RBI action affected 12 entities. This profile is linked as bulk member.
RBI imposed monetary penalties on six banks for violations of KYC/AML-related instructions. The banks were found to have lapses in customer identification, risk profiling, KYC updation and CTR filing.
The penalised banks must absorb the monetary sanction and address the compliance shortcomings identified by RBI, especially around KYC/AML controls, customer due diligence, and transaction monitoring. The action has no stated forward restriction on operations, but it signals heightened supervisory scrutiny and the need for stronger internal controls. Depositors and customers are indirectly affected through tighter compliance processes and monitoring.
This RBI action affected 6 entities. This profile is linked as bulk member.
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