RBI Cracks Down: Major Penalties on Non-Compliant Banks
Published on: Feb. 13, 2026, 7:47 p.m. | Source: Devdiscourse
The Reserve Bank of India imposed monetary penalties on several banks, including Bank of Maharashtra, DCB Bank, and CSB Bank, for non-compliance with its directions. The fines revealed lapses such as improper data reporting and misuse of business correspondent arrangements. Navi Finserv and IIFL Finance also faced penalties.
