ING Vysya Bank Ltd

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.

RBI imposed monetary penalties on ING Vysya Bank Ltd. and ICICI Bank Ltd. for KYC/AML/CFT compliance breaches. The banks were penalised for multiple due diligence and reporting lapses.

Both banks must absorb the monetary penalties and continue complying with RBI’s KYC/AML/CFT requirements. The action has no direct customer-facing operational restriction, but it underscores ongoing obligations around customer onboarding, due diligence, risk categorisation, and suspicious transaction reporting.

• Section 47A(1)(b)
• Section 46(4)(i)

This RBI action affected 2 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on 19 commercial banks for violating its derivatives-related instructions. The banks were found to have failed on due diligence, suitability checks, and related verification requirements.

Each of the 19 named banks must absorb the monetary penalty and address the compliance gaps identified by RBI. The action does not impose an ongoing operational restriction, but it signals scrutiny over derivatives sales, suitability checks, and underlying verification controls.

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

This RBI action affected 19 entities. This profile is linked as bulk member.

RBI imposed penalties on three scheduled commercial banks for KYC lapses, breach of prudent banking practices, and violations related to loans against shares/ IPOs. The banks were given show-cause notices and personal hearings before the order.

The three banks must bear the financial penalties imposed by RBI; the action does not describe any operational restriction or cancellation. The release also signals regulatory censure for KYC compliance and lending-practice weaknesses, with the detailed irregularities placed on RBI’s website.

• Section 47 A (1)(b) of the Banking Regulation Act, 1949

This RBI action affected 3 entities. This profile is linked as bulk member.