Case Brief
The Reserve Bank of India imposed a monetary penalty on Bandhan Bank Limited by order dated August 26, 2025. RBI found that the bank contravened section 10(1)(b)(ii) of the Banking Regulation Act, 1949 and failed to comply with certain directions on automation of income recognition, asset classification and provisioning processes in banks. The sustained charges included payment of commission remuneration to certain employees and manual back-end intervention in account data without proper audit trails or user-specific access logs. RBI stated that the action is based on deficiencies in statutory and regulatory compliance and does not pronounce on the validity of any customer transaction or agreement.
Action Snapshot
- Primary Impact
- Fine: Rs 44.7 L
- Entity Type
- Bank
- Action Type