IndusInd Bank Limited

RBI imposed a penalty of Rs 59.20 lakh on IndusInd Bank Limited for non-compliance with directions on interest on deposits and securitisation of standard assets.

IndusInd Bank must bear the monetary penalty, and the order may be used as a basis for any further regulatory action RBI chooses to initiate. The release does not impose a new operational restriction, but it signals continued supervisory scrutiny over deposit-interest practices and securitisation activities.

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

RBI imposed a monetary penalty of ₹27.30 lakh on IndusInd Bank Ltd. for non-compliance with RBI’s Interest Rate on Deposits Directions, 2016. The bank also faced a sustained charge regarding savings deposit accounts opened for ineligible entities.

IndusInd Bank must absorb the monetary penalty and any related compliance scrutiny; the release does not impose an operating restriction, but RBI notes the action is without prejudice to any other action that may be initiated. Customers are not directly restricted by this order, though the underlying compliance lapse concerns deposit-account opening practices.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949
• Reserve Bank of India (Interest Rate on Deposits) Directions, 2016

RBI imposed a ₹1 crore penalty on IndusInd Bank for non-compliance with KYC directions. The issue related to customer due diligence lapses in certain OTP-based e-KYC accounts and fixed deposits.

IndusInd Bank must bear the monetary penalty and address the compliance gaps identified by RBI, especially around KYC and customer due diligence controls. The action does not impose an operational restriction on the bank, but it signals supervisory concern over KYC compliance and may affect future regulatory scrutiny.

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

RBI imposed monetary penalties on fourteen banks for various compliance failures. The penalties ranged from Rs 50 lakh to Rs 1 crore.

All fourteen banks must absorb the monetary penalty and address the cited compliance weaknesses. The action has no stated direct effect on customer transactions, but it signals supervisory scrutiny of lending, exposure reporting, and statutory compliance practices.

• Section 19(2) of Banking Regulation Act, 1949
• Section 20 (1) of Banking Regulation Act, 1949
• section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949

This RBI action affected 14 entities. This profile is linked as bulk member.

RBI imposed a ₹4.50 crore penalty on IndusInd Bank Limited for multiple compliance lapses. The lapses related to exposure norms, provisioning/asset classification, reporting, and financial statement disclosures.

IndusInd Bank must absorb the monetary penalty and address the compliance gaps identified by RBI. The action has no stated restriction on ongoing banking operations, but it signals continued regulatory scrutiny over the bank's exposure management, provisioning, reporting, and disclosure 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.

RBI imposed a ₹3 crore monetary penalty on IndusInd Bank Limited for non-compliance with IRAC norms and restrictions on non-fund based facilities. The action followed an inspection and show-cause process.

IndusInd Bank must absorb the monetary penalty; the release does not announce any operational restriction or license action. The stated findings relate to prior regulatory non-compliance in NPA recognition and NFB facility extensions, with no explicit forward-looking restriction beyond the penalty itself.

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

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 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.

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

This RBI action affected 6 entities. This profile is linked as bulk member.