Case Brief
By an order dated May 07, 2025, RBI imposed a monetary penalty of ₹1.00 crore on Jana Small Finance Bank Limited. The penalty was levied under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 for contravention of Section 12B(5). RBI found that the bank issued/allotted CCPS to certain persons in a manner that, together with their equity holdings, caused them to exceed the permitted percentage of the bank’s paid-up share capital, without obtaining the required prior RBI approval under Section 12B(1). RBI noted the action is based on statutory compliance deficiencies and is without prejudice to any other action that may be initiated.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 Cr
- Entity Type
- Bank
- Action Type