Airtel Payments Bank Fined Rs 31.8 Lakh by RBI for Non-Disclosure in Financial Statements:

Airtel Payments Bank Fined Rs 31.8 Lakh by RBI for Non-Disclosure in Financial Statements The Reserve Bank of India (RBI) has imposed a penalty of Rs 31.80 lakh on Airtel Payments Bank Limited for failing to follow "Disclosure in Financial Statements" rules. The levy of penalty is followed by the RBI’s Statutory Inspection for Supervisory Evaluation (ISE 2025), with reference to the bank’s financial position as of March 31, 2025.

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During the inspection, the RBI found that the bank had not complied with its directions regarding "Disclosure in Financial Statements". After this, the RBI also sent a show-cause notice asking the bank to explain why a penalty should not be imposed. After reviewing the bank’s written reply, the RBI concluded that the bank had failed to disclose certain customer complaints in its annual financial statements for the financial year 2024-25. The RBI further said this non-disclosure justified the monetary penalty.

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The RBI clarified that the penalty is based on regulatory compliance issues and does not affect the validity of any transactions or agreements between the bank and its customers.