CSB Bank Limited has informed the Exchange about intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
CSBBANK · price
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The Reserve Bank of India (RBI) has imposed an aggregate monetary penalty of ₹63,60,000 (₹63.60 lakh) on CSB Bank Limited under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949. The penalty is for non-compliance with RBI guidelines related to Business Correspondent (BC) arrangements and the levy of account maintenance charges on customers. The Speaking Order was issued by the RBI on February 6, 2026, and received by the bank on February 13, 2026. The bank has disclosed the details of the order to the stock exchanges as required under Regulation 30 of the SEBI Listing Regulations. The total financial impact is stated to be the penalty amount itself.
The ₹63.60 lakh penalty is a small sum relative to a bank's operations and is unlikely to have any material effect on CSB Bank's financials or business. However, the action highlights regulatory concerns around BC arrangements and account maintenance charges, which investors should monitor for any repeated penalties or larger enforcement actions in the future.