The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹61.95 lakh on Kotak Mahindra Bank for non-compliance with certain Credit Information Companies Rules. The penalty was levied following an order dated December 11, 2025, after an assessment of the bank’s adherence to regulatory guidelines. The RBI’s decision was based on observations during the statutory inspection for the financial year ended March 31, 2024.
Monetary Penalty Imposed
Kotak Mahindra Bank has been notified of a monetary penalty of ₹61.95 lakh imposed by the Reserve Bank of India (RBI). The notification was received on December 19, 2025.
Reason for Penalty
The penalty was imposed by the RBI for non-compliance with directions related to the Credit Information Companies Rules. The action follows the RBI’s assessment of compliance, based on its statutory inspection of the Bank for the financial year ending March 31, 2024.
Source: BSE