MUMBAI, India, Aug. 29 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated August 26, 2025, imposed a monetary penalty of ₹44.70 lakh (Rupees Forty-Four Lakh and Seventy Thousand only) on Bandhan Bank Limited (the bank) for contravention of section 10(1)(b)(ii) of the Banking Regulation Act, 1949 (BR Act), and non-compliance with certain directions issued by RBI on 'Automation of Income Recognition, Asset Classification and Provisioning processes in banks'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47 A (1) (c) read with section 46 (4) of the BR Act.
The Statutory Inspection for Supervisory Evaluation of the ban...