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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 26-FEB-2026

PRIVATE BANKS: ENTERED AN ARRANGEMENT WITH BUSINESS CORRESPONDENTS (BCS) FOR UNDERTAKING ACTIVITIES WHICH WERE NOT COVERED WITHIN SCOPE OF ACTIVITIES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CSB BANK LTD.
  ENTERED AN ARRANGEMENT WITH BUSINESS CORRESPONDENTS (BCS) FOR UNDERTAKING ACTIVITIES WHICH WERE NOT COVERED WITHIN SCOPE OF ACTIVITIES

LEVIED CHARGES IN CERTAIN SAVINGS BANK ACCOUNTS WITHOUT ENSURING THAT CUSTOMERS WERE MADE AWARE OF SUCH CHARGES UPFRONT   		IMPOSED PENALTY RS.63,60,000 FROM 06-FEB-2026

06-FEB-2026 		 
2
History of entity/person KOTAK MAHINDRA BANK LTD.
  OPENED ANOTHER BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNT OF CERTAIN CUSTOMERS WHO ALREADY HELD BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNT

ENTERED AN ARRANGEMENT WITH BUSINESS CORRESPONDENTS (BCS) FOR UNDERTAKING ACTIVITIES WHICH WERE NOT COVERED WITHIN SCOPE OF ACTIVITIES

DID NOT FURNISH ACCURATE INFORMATION IN RESPECT OF CERTAIN BORROWERS TO CREDIT INFORMATION COMPANIES (CICS)   		IMPOSED PENALTY RS.61,95,000 FROM 11-DEC-2025

11-DEC-2025 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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