RBI Imposes Monetary Penalty of Rs 44.70 Lakh on Bandhan Bank Limited:

RBI Imposes Monetary Penalty of Rs 44.70 Lakh on Bandhan Bank Limited The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 44.70 lakh dated August 26, 2025 on Bandhan Bank Limited for violation of Section 10(1)(b)(ii) of the Banking Regulation Act, 1949 and non-compliance imposed in powers given under the provisions of Section 47 A(1)(c) read with section 46 (4) of the BR Act. The Inspection for Supervisory Evaluation of the bank was conducted by RBI in relation to its financial positions on March 31, 2024. Based on the inspection, a notice was passed to the bank recommending it to show cause as to why a penalty should not be levied on it for its failure to comply with the said RBI directions.

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After considering the bank's reply to the notice and oral submissions made during the personal hearing, RBI found that the following charges against the bank were sustained, warranting imposition of a monetary penalty: i. The bank paid remuneration in the form of commission to certain employees and ii. The bank had carried out manual intervention via the back end in respect of data of certain accounts and had not captured the audit trails of access with specific user details in the system. To know complete details refer to the below mentioned Press release-