RBI Imposes Penalties on 353 Regulated Entities in FY25 Collects Over 54 Crore

Mumbai June 1 – The Reserve Bank of India imposed penalties on 353 regulated entities during the financial year ending March 31 2025 for violations of statutory provisions and regulatory directions. As per the RBI Annual Report for 2024 to 2025 the total penalties amounted to 54.78 crore rupees.

The violations included noncompliance with cybersecurity frameworks exposure norms income recognition and asset classification IRAC norms Know Your Customer guidelines fraud classification and reporting directions credit reporting to the Central Repository of Information on Large Credits and submission of credit data to information companies.

Among the penalized entities 264 cooperative banks were fined a total of 15.63 crore rupees. The RBI also penalized 37 nonbanking financial companies and asset reconstruction companies with fines totaling 7.29 crore rupees. In addition 13 housing finance companies were fined 83 lakh rupees.

Eight public sector banks faced penalties amounting to 11.11 crore rupees while 15 private sector banks were fined 14.8 crore rupees. Furthermore six foreign banks were also penalized during the period.

The enforcement actions underline the RBI commitment to ensuring regulatory compliance and maintaining the stability and integrity of the financial system.