MUMBAI, India, Feb. 5 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated February 02, 2026, imposed a monetary penalty of ₹5,000/- (Rupees Five Thousand only) on Daund Urban Co-operative Bank Limited, Daund, Pune, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on 'Credit Information Reporting'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.
A statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2025. Based on supervisory findings of non-compli...