Imposition of Monetary Penalty by Reserve Bank of India
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RBI has imposed a monetary penalty of Rs. 10.10 lakhs on City Union Bank for two regulatory violations discovered during a supervisory inspection as of March 31, 2025. The bank levied unauthorized loan-related charges on certain agriculture priority sector loans up to Rs. 25,000 (penalty: Rs. 10 lakhs), and failed to report Self Help Group member level data to Credit Information Companies (penalty: Rs. 0.10 lakh). The speaking order was passed on May 20, 2026 and received by the bank on May 22, 2026. The bank has disclosed this as per SEBI Listing Regulations requirements.
The penalty amount of Rs. 10.10 lakhs is relatively minor compared to the bank's scale and unlikely to have material financial impact. However, it highlights compliance gaps in priority sector lending norms and data reporting requirements, which could attract regulatory scrutiny going forward.