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# RBI Levies 353 Penalties Totalling ₹54.78 Crore on Regulated Entities in FY2024-25
- URL: https://www.theglobalbanker.com/rbi-54-crore-penalties-353-regulated-entities-fy2024-25/
- Published: 2025-05-30T10:17:00.000Z
- Updated: 2026-11-05T16:02:44.000Z
- Description: The Reserve Bank of India imposed 353 monetary penalties totalling ₹54.78 crore on regulated entities in FY2024-25, with cooperative banks accounting for the largest share of individual fines.
- Author: TGB Editorial Team
- Tags: Regulations, Asia-Pacific, #archive

The Reserve Bank of India imposed 353 monetary penalties totalling ₹54.78 crore on regulated entities during the fiscal year ended March 2025, according to its Annual Report for 2024-25, released on 29 May 2025\. 

Cooperative banks bore the heaviest enforcement burden in terms of the number of individual actions, with 264 penalty orders worth a combined ₹15.63 crore handed down over the twelve-month period. 

#### PRIVATE, PUBLIC, AND FOREIGN BANKS ALL PENALISED

Among scheduled commercial banks, private sector banks were fined a combined ₹14.8 crore across 15 penalties during the year, while public sector banks paid ₹11.11 crore across 8 penalties. Foreign banks operating in India incurred six penalties. 

Non-banking financial companies and asset reconstruction companies accounted for 37 penalty orders with a combined value of ₹7.29 crore. 

The violations that triggered penalties spanned a broad range of regulatory requirements. Violations included cybersecurity lapses. Income recognition and asset classification norm breaches — where loans are not correctly categorised as non-performing — were another category of infringement, as were know-your-customer violations, deficient reporting to the central bank, and failures in fraud identification and classification.

The RBI has issued detailed instructions on IT and cybersecurity risk management.