Recorded RBI impact
Fine: Rs 5,000
Monetary penalty · Fresh imposition
Published by RBI
5 Feb 2026
Case Brief
The Reserve Bank of India imposed a monetary penalty of Rs 5,000 on Daund Urban Co-operative Bank Limited, Daund, Pune, Maharashtra, after supervisory findings showed non-compliance with RBI directions on credit information reporting. RBI found that the bank had failed to submit credit information of its customers to any Credit Information Companies. The penalty was imposed under Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005, following a statutory inspection and show-cause proceedings.
Why RBI Acted
RBI imposed a monetary penalty after a statutory inspection and supervisory findings showed non-compliance with RBI directions on ‘Credit Information Reporting’. The bank was found to have failed to submit its customers’ credit information to any of the Credit Information Companies. The penalty was imposed under Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.
Operating Impact
The bank must absorb the penalty and address the compliance lapse in credit information reporting. The action does not, by itself, restrict operations or customer access, but it signals RBI scrutiny and may support further regulatory action if deficiencies continue.
Regulatory Basis
- Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005
Action Facts
- Primary Impact
- Fine: Rs 5,000
- Order Date
- 2 Feb 2026
- Effective From
- 2 Feb 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- Co-operative bank