MUFG Bank Ltd

RBI imposed a monetary penalty of ₹45 lakh on MUFG Bank Ltd. for non-compliance with SWIFT-related operational control directions. The bank had failed to implement required STP controls within the prescribed timelines.

MUFG Bank Ltd. must bear the monetary penalty; the release does not impose any additional operational restriction. The forward-looking impact is primarily compliance-related, reinforcing the need to implement and maintain SWIFT-related controls and STP processes to avoid further regulatory action.

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

RBI imposed a ₹30 lakh penalty on MUFG Bank Ltd. for violating directions on loans and advances. The breach involved sanctioning loans to companies linked to directors of other banks without required Management Committee approval.

MUFG Bank Ltd. must absorb the penalty and ensure future lending decisions comply with RBI’s restrictions and internal approval requirements. The action does not invalidate customer transactions, but it signals heightened regulatory scrutiny of the bank’s loan sanctioning controls and governance processes.

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