Dhanlaxmi Bank Ltd

RBI imposed a monetary penalty of Rs 120.47 lakh on Dhanlaxmi Bank Ltd. for multiple compliance lapses. The breaches related to lending limits, KYC/documentation, and deposit interest-rate directions.

The bank must absorb the penalty and address the compliance gaps identified by RBI in its lending, KYC, and deposit-account processes. The action does not by itself alter customer contracts, but it signals heightened supervisory scrutiny over the bank's regulatory controls.

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

RBI imposed a ₹27.50 lakh penalty on Dhanlaxmi Bank Ltd., Thrissur, Kerala. The bank was found to have contravened section 26A(2) of the Banking Regulation Act read with the Depositor Education and Awareness Fund Scheme, 2014.

Dhanlaxmi Bank must pay the monetary penalty, but RBI notes that the action is based on regulatory-compliance deficiencies and does not pronounce on the validity of any transaction or agreement with customers. The release does not impose an operational restriction beyond the penalty.

• sub-section (2) of section 26A of the Banking Regulation Act, 1949
• paragraph 3 of The Depositor Education and Awareness Fund Scheme, 2014
• section 47 A (1) (c) read with section 46 (4) (i) of the Act

RBI imposed a monetary penalty of ₹10 million on Dhanlaxmi Bank Ltd. for non-compliance with KYC and AML instructions. The action was taken under the Banking Regulation Act after a show-cause process.

Dhanlaxmi Bank Ltd. must absorb the monetary penalty and ensure stronger compliance with RBI’s KYC/AML instructions going forward. The action does not state a restriction on operations, but it signals heightened supervisory scrutiny over the bank’s current-account compliance and anti-money-laundering controls.

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

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.