The Royal Bank of Scotland

RBI imposed monetary penalties on five authorised dealer banks for FEMA reporting violations. The banks were penalized after show-cause proceedings and RBI found the violations substantiated.

Each of the five banks is liable to pay the imposed penalty amount and comply with RBI’s reporting requirements under FEMA going forward. The action has no operational restriction described, but it records regulatory non-compliance and may affect ongoing supervision.

• Section 11(3) of FEMA 1999

This RBI action affected 5 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.