Karur Vysya Bank Limited

RBI imposed a monetary penalty of Rs 8.30 lakh on Karur Vysya Bank Limited for non-compliance with directions on the loan system for delivery of bank credit.

Karur Vysya Bank must bear the penalty and remain compliant with RBI’s lending directions going forward. The order does not itself void customer transactions, but it signals regulatory breach and leaves the bank exposed to any further action RBI may choose to initiate.

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

RBI imposed a ₹30 lakh penalty on Karur Vysya Bank Ltd. for failing to report certain accounts as frauds to the regulator in time.

Karur Vysya Bank must absorb the financial penalty and ensure stricter compliance with RBI’s fraud-reporting timelines going forward. The action does not invalidate any customer transactions, but it signals supervisory concern over the bank’s regulatory reporting controls.

• section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949
• Reserve Bank of India (Frauds- Classification and reporting by commercial banks and select FIs) directions 2016

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 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 ₹50 million penalty on Karur Vysya Bank Limited for compliance failures. The breaches related to IRAC norms, fraud reporting, and current account opening discipline.

Karur Vysya Bank Limited must absorb the monetary penalty and address the compliance shortcomings identified by RBI. The action does not itself impose an operational restriction, but it underscores expectations around asset classification, fraud reporting, and current account opening discipline going forward.

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