Case Brief
RBI, by order dated March 30, 2026, imposed a monetary penalty of Rs 31.80 lakh on Airtel Payments Bank Limited. The penalty followed a statutory inspection (ISE 2025) and a show-cause process in which RBI concluded that the bank had failed to comply with certain provisions of its directions on ‘Disclosure in Financial Statements’, specifically by not disclosing certain complaints in its annual financial statements for FY 2024-25. The penalty was imposed under section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 31.8 L
- Entity Type
- Payment entity
- Action Type
- Monetary penalty