RBI slaps Rs 54.78 crore in penalties on banks and NBFCs for compliance lapses in FY25

RBI Imposes ₹54.78 Crore Penalties on Banks and NBFCs for FY25 Lapses: The Reserve Bank of India (RBI) has imposed cumulative penalties totaling ₹54.78 crore on various banks and Non-Banking Financial Companies (NBFCs) for compliance lapses during fiscal year 2025. These penalties underscore the RBI's stringent regulatory oversight and its commitment to ensuring adherence to prudential norms, customer protection guidelines, and other operational directives. The actions reinforce the central bank's focus on maintaining financial stability and integrity within the Indian banking and financial sector, pushing institutions to strengthen their internal controls and compliance frameworks.