The Nainital Bank Ltd., Uttarakhand

RBI imposed a monetary penalty of ₹61.40 lakh on The Nainital Bank Limited for non-compliance with directions on lending rates and customer service charges.

The bank must absorb the monetary penalty and address the compliance deficiencies identified by RBI. The order does not invalidate customer transactions, but it signals continued supervisory scrutiny and potential for further action if similar lapses persist.

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

RBI imposed a ₹56 lakh penalty on The Nainital Bank Ltd., Uttarakhand for regulatory non-compliance. The issues related to NPA divergence, disclosure lapses, and failure to report frauds.

The bank must absorb the financial penalty and ensure future compliance with RBI prudential, disclosure, and fraud-reporting requirements. The action does not itself restrict operations, but it signals supervisory deficiencies that RBI expects the bank to correct.

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

RBI imposed a ₹10 million penalty on The Nainital Bank Limited for non-compliance with a direction to fully automate its NPA identification process.

The bank must absorb the penalty and address the regulatory deficiency that led to the action. There is no stated restriction on ongoing operations, but RBI's finding signals continuing supervisory concern over the bank's NPA identification controls.

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