🇮🇳
National
🔴 High
RBI Monetary Penalties
📅 Published 26 May 2026 · May
RBI Monetary Penalties
🎯 Key Facts:
| Entity | Penalty | Reason |
|---|---|---|
| City Union Bank (CUB) | Rs 10.10 lakh | Levying charges on priority-sector agri advances ≤Rs 25,000; failure to report SHG member data to credit info companies |
| Mintifi Finserve (NBFC) | Rs 3.10 lakh | Failed to upload KYC records to CKYCR within timeline |
| Newa Investments (NBFC) | Rs 2.70 lakh | Appointed directors (>30% change) without prior RBI approval |
✍️ Mains angle: Illustrates RBI's regulatory/supervisory role over banks and NBFCs — relevant to financial sector governance questions.
📝 Relevant Exams:
UPSC