Recorded RBI impact
Fine: Rs 10,000
Monetary penalty · Fresh imposition
Published by RBI
5 Mar 2026
Case Brief
By an order dated February 27, 2026, RBI imposed a monetary penalty of ₹10,000 on Samruddhi Sahakari Bank Ltd., Nandgaon, Nashik, Maharashtra. The penalty was levied under Section 25 of the Credit Information Companies (Regulation) Act, 2005 after RBI's statutory inspection and show-cause process found non-compliance with directions on 'Submission of Data by Credit Institutions'. RBI specifically found that the bank had failed to submit credit information of its customers to any Credit Information Companies (CICs).
Why RBI Acted
RBI imposed a monetary penalty under Section 25 of the Credit Information Companies (Regulation) Act, 2005 after a statutory inspection and subsequent show-cause proceedings found that the bank had not complied with RBI directions on 'Submission of Data by Credit Institutions'. The sustained charge was that the bank failed to submit customer credit information to any CICs.
Operating Impact
The bank must absorb the penalty and remain compliant with RBI directions on reporting credit information to CICs. The order does not itself impose a business restriction, but it signals continued supervisory scrutiny and the possibility of further action if deficiencies persist.
Regulatory Basis
- Section 25 of the Credit Information Companies (Regulation) Act, 2005
Action Facts
- Primary Impact
- Fine: Rs 10,000
- Order Date
- 27 Feb 2026
- Effective From
- 27 Feb 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- Co-operative bank