Bandhan Bank fined ₹41.80 lakh by RBI for regulatory non-compliance
Bandhan Bank has been fined ₹41.80 lakh by the RBI. The penalty is for violating Section 20(1)(b)(iii) of the BR Act and non-compliance with KYC directions. The bank stated there is no material impact on its operations.
The bank explicitly stated that the penalty has no material impact on its financial, operational, or other activities. The penalty amount is also relatively small for a bank of this size.
The bank has been imposed a monetary penalty by the regulator, which is a negative development.
Bandhan Bank Limited has been penalized by the Reserve Bank of India (RBI) with an aggregate monetary penalty of ₹41.80 lakh. The penalty, imposed via an order dated April 21, 2026, stems from the bank's statutory inspection for supervisory evaluation as of March 31, 2025.
The RBI's action is based on supervisory findings related to violations of the Banking Regulation Act, 1949. Specifically, the penalties are for contravention of Section 20(1)(b)(iii) of the BR Act, amounting to ₹31.80 lakh, and non-compliance with certain RBI directions on 'Know Your Customer' (KYC) procedures concerning the periodic review of risk categorization of accounts, amounting to ₹10.00 lakh.
The bank received the official communication from the RBI on April 24, 2026. Bandhan Bank has stated that this penalty will not have a material impact on its financial, operational, or other activities. The disclosure is also available on the bank's website.
What to do with a filing like this
Bandhan Bank Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bandhan Bank Limited. Read the original for the full detail.