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Tuesday, 20 October 2026478 stories filedEvery RBI penalty, tracked Lender moves

₹5 lakhRBI penalty on The Monghyr-Jamui Central Co-operative Bank Limited, Bihar ₹3.10 lakhRBI penalty on Ola Financial Services Private Limited ₹10 lakhRBI penalty on Hero Fincorp Limited ₹1.15 lakhRBI penalty on Jilla Sahakari Bank Ltd., Azamgarh, Uttar Pradesh ₹27.30 lakhRBI penalty on Asset Care & Reconstruction Enterprise Limited Ujjivan Small Finance BankRaising capital Shriram FinancePartnering State Bank of IndiaRaising capital Canara BankRaising capital Shriram FinancePartnering

News · The lead

Enforcement Divergence: ED Arrests Ozone Urbana CMD in ₹927 Crore Fraud as 10-Year-Old ₹280 Crore SBI Scam Drifts

The recent arrest of S. Vasudevan, Chairman and Managing Director of Ozone Urbana Infra Developers Pvt. Ltd., has brought the differing speeds of India’s economic-offence machinery into sharp focus.

Why it matters

The divergence demonstrates that true financial deterrence requires more than high-profile arrest headlines; it necessitates timely forensic tracing, conclusive chargesheets, and speedy trial adjudications that recover public capital.

10h ago · 2 min read

The Tide · 3 Aug 2026 to 20 Oct 2026

29 RBI penalties. 7 moves to grow.

7Opening up

36Fines and tightening

Capital raisedExpanding or enteringPartneringRBI penalty, height is sizeTightening

Counted from our own trackers. Penalties are every order in the RBI's press releases; moves are what our desk reported, so this is our coverage, not the whole market. Stated penalties in the window total ₹1,99,29,800.

Your bookConnectors · our programme

Tide out or in, lenders still need files.

₹2.52 L – ₹7.56 L

a year, on 6 loans of ₹7.00 L a month, at the 0.5%–1.5% of disbursed value that personal-loan referrals typically pay in India. Illustrative; rates are set per lender and product.

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Today on the desk

Where a story moves a lender, the chip says howArchive

RBI & Policy

RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contain

Banking & NBFCs · 16 Oct 2026

IIFL Finance Q2 Net Profit Nearly Doubles to ₹805 Crore as AUM Expands 38% to ₹1.24 Lakh Crore

Banking & NBFCs · 16 Oct 2026

South Indian Bank Q2 Net Profit Jumps 23% YoY to ₹430 Crore; Net NPA Collapses to Near-Zero 0.09%

Banking & NBFCs · 16 Oct 2026

Avanse Financial Services Appoints Anila Rajneesh as Chief People Officer

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Loans you refer a month6Average ticket size₹7.00 L

You'd have earned

₹2.52 L–₹7.56 L

a year · ₹21,000 – ₹63,000 a month

On 6 loans of ₹7.00 L, at the 0.5–1.5% of disbursed value that personal-loan referrals typically pay in India. Rates are set per lender and per product — we confirm yours before you place your first file.

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Coverage by institution

How often each name has made our pages. Press / to jump to one.

The Penalty Board

Every RBI monetary penalty in our tracker, each linked to the orderFull tracker

₹1,99,29,800

across 29 orders since 3 Aug 2026, the latest dated 25 Sept 2026.

Order	Entity · what the RBI found	Penalty
25 Sept 2026	The Monghyr-Jamui Central Co-operative Bank Limited, BiharKnow Your Customer (KYC)	₹5,00,000
24 Sept 2026	Ola Financial Services Private LimitedKnow Your Customer (KYC)	₹3,10,000
22 Sept 2026	Hero Fincorp LimitedFair Practices Code for Lenders – Charging of Interest	₹10,00,000
9 Sept 2026	Jilla Sahakari Bank Ltd., Azamgarh, Uttar PradeshMembership of Credit Information Companies (CICs) by Co-operative Banks; Know Your Customer (KYC)	₹1,15,000
8 Sept 2026	Asset Care & Reconstruction Enterprise LimitedIncome Recognition	₹27,30,000
2 Sept 2026	Hinduja Leyland Finance LimitedPricing of Microfinance Loans; Securitisation of Standard Assets	₹6,20,000
31 Aug 2026	TransUnion CIBIL LimitedFramework for compensation to customers for delayed updation/ rectification of credit information	₹26,82,800
31 Aug 2026	CRIF High Mark Credit Information Services Private LimitedFramework for compensation to customers for delayed updation/ rectification of credit information	₹6,89,600

Show all 29 orders

31 Aug 2026	Sammaan Finserve LimitedEarly Recognition of Stress and Reporting to Central Repository of Information on Large Credits (CRILC)	₹4,20,000
31 Aug 2026	Equifax Credit Information Services Private LimitedFramework for compensation to customers for delayed updation / rectification of credit information	₹1,19,400
28 Aug 2026	Jai Bhawani Sahakari Bank Ltd., PuneMembership of Credit Information Companies (CICs) by Co-operative Banks; Know Your Customer (KYC)	₹2,03,000
25 Aug 2026	The Mumbai District Central Co-operative Bank Ltd., MaharashtraNon-compliance with certain directions issued by RBI on Know Your Customer (KYC)	₹20,000
25 Aug 2026	Jalna District Central Co-operative Bank Ltd., MaharashtraMembership of Credit Information Companies (CICs) by Co-operative Banks; Know Your Customer (KYC)	₹50,000
20 Aug 2026	Shri Vijay Mahantesh Co-operative Bank Limited, Hungund, KarnatakaIncome Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs; Loans and advances to directors, their relatives, and firms / concerns in which they are interested	₹2,50,000
20 Aug 2026	The Pragathi Co-operative Bank Limited, KarnatakaSee the RBI order	₹2,00,000
20 Aug 2026	Vikas Souharda Co-operative Bank Limited, Hosapete, KarnatakaIncome Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs	₹1,00,000
19 Aug 2026	Progfin Private LimitedReserve Bank of India (Know Your Customer (KYC)) Directions	₹2,70,000
19 Aug 2026	Shri Ram Finance Corporation Private LimitedGovernance; Reserve Bank of India (Know Your Customer (KYC)) Directions	₹8,10,000
14 Aug 2026	Muthoot MCred LimitedAsset Classification	₹3,10,000
14 Aug 2026	IndusInd Bank LimitedInterest Rate on Deposits; Securitisation of Standard Assets	₹59,20,000
14 Aug 2026	Northern Arc Capital LimitedDisclosures in Financial Statements - Notes to Accounts; Internal Ombudsman for Regulated Entities	₹6,20,000
14 Aug 2026	Fusion Finance LimitedReserve Bank of India (Know Your Customer (KYC)) Directions	₹2,70,000
11 Aug 2026	Jilla Sahakari Kendriya Bank Maryadit, Bhind, Madhya PradeshContravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act)	₹2,50,000
11 Aug 2026	Valuefin India Credit Services Private LimitedAcquisition of Shareholding or Control	₹1,80,000
6 Aug 2026	The Amravati District Central Co-operative Bank Ltd., MaharashtraKnow Your Customer (KYC); Ensuring Reasonableness of Bank Charges and Charges Levied for Sending SMS Alerts	₹50,000
3 Aug 2026	Infinity Fincorp Solutions Private LimitedReserve Bank of India (Know Your Customer (KYC)) Directions; Fair Practice Code	₹5,40,000
3 Aug 2026	Utsav Securities LimitedGovernance; Submission of data to Credit Information Companies (CICs)	₹3,90,000
3 Aug 2026	Namdev Finvest LimitedReserve Bank of India (Know Your Customer (KYC)) Directions	₹2,70,000
3 Aug 2026	Kedarnath Urban Co-operative Bank Ltd., Latur, MaharashtraKnow Your Customer (KYC); Supervisory Action Framework (SAF)	₹40,000

Lender moves

A lender that is expanding, partnering or raising capital needs filesAll 14

Expanding distribution

New branches and network targets need files to fill them.

State Bank of India8 Sept 2026SBI Plans 11,000–12,000 Hires and 200–250 New Branches, Prepares to Sell Up to 1% of NSE in Its IPO

Partnering

Co-lending and tie-ups mean a lender is buying distribution it does not have.

Shriram Finance10 Oct 2026Orange Retail Finance Mobilises Listed NCD Debt via UMI Capital and Signs ₹100 Crore Co-Lending Pact with Shriram Finance Shriram Finance11 Sept 2026Shriram General Insurance Inks Corporate Agency Pact With SK Finance to Deepen Rural Footprint

Raising capital

Fresh capital is lending capacity, and capacity has to be deployed.

Ujjivan Small Finance Bank19 Oct 2026Ujjivan SFB Board Approves ₹409 Crore Preferential Issue; IFC Expands Stake to 4.99% Alongside Three Insurers State Bank of India25 Sept 2026India’s Biggest Wealth Manager Goes Public: SBI Mutual Fund Secures SEBI Green Light for ₹13,000 Crore Mega IPO Canara Bank17 Sept 2026Canara Bank Raises ₹2,042 Crore via Basel III AT1 Bonds at 8.10% Coupon; Attracts 111 Bids

Tightening

Stress, penalties or slowdown usually mean a harder credit policy for a while.

State Bank of India20 Oct 2026Enforcement Divergence: ED Arrests Ozone Urbana CMD in ₹927 Crore Fraud as 10-Year-Old ₹280 Crore SBI Scam Drifts IDFC FIRST Bank15 Oct 2026₹504 Cr IDFC FIRST Bank Fraud: CBI Arrests Mohit Goyal, Details ₹2 Cr ₹10-Note Hawala Delivery to IAS Officer’s Son IDFC FIRST Bank14 Oct 2026The Anatomy of a ₹657 Cr Bank Scam: How Mastermind Ribhav Rishi Siphoned Public Funds for Luxury Real Estate and ₹10 Lakh Monthly Allowances

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The archive

All 478 stories, newest first

14 Oct 2026

News

Former Financial Services Secretary Nagaraju Maddirala Appointed CMD of IL&FS for Two Years

The Ministry of Corporate Affairs (MCA) has appointed former Department of Financial Services (DFS) Secretary Nagaraju Maddirala as Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services Limited (IL&FS) for a two-year tenure.

The Anatomy of a ₹657 Cr Bank Scam: How Mastermind Ribhav Rishi Siphoned Public Funds for Luxury Real Estate and ₹10 Lakh Monthly AllowancesNews6d ago

"RBI Will Do Whatever Is Necessary for Orderly Rupee Movement": Governor Sanjay Malhotra Cracks Down on Forex SpeculationRBI & Policy6d ago

Abu Dhabi’s IHC and First Abu Dhabi Bank Eye 25%–32% Stake in Bandhan Bank Promoter BFSL via JefferiesBanking & NBFCs6d ago

13 Oct 2026

Banking & NBFCs

PNB Housing Finance Sees 5–8 bps NIM Expansion from RBI Rate Hike, Clinches Quadruple ‘AAA’ Rating Sweep: MD & CEO Ajai Shukla

The Reserve Bank of India’s (RBI) decision to raise its benchmark repo rate by 25 basis points to 5.50%—its first rate hike in nearly four years to counteract West Asia-linked inflationary pressures—will generate a net positive margin impact for retail mortgage lenders with diversified funding structures.

RBL Bank Q2 FY27 Net Profit Nearly Triples to ₹482 Crore on 42% Loan Growth and ₹32,472 Crore FCNR(B) MobilisationBanking & NBFCs1w ago

CreditAccess Grameen Signs $175M Syndicated Social Loan Led by Standard Chartered and DBS Bank; 5-Year Offshore Raises Hit $640MMarkets & Macro1w ago

12 Oct 2026

Fintech & Startups

Mahaveer Finance India Appoints 32-Year Lending Veteran Senthilkumar K as National Credit Head

Chennai-headquartered non-banking financial company Mahaveer Finance India Limited (MFIL) has strengthened its senior risk and underwriting leadership with the appointment of Senthilkumar K (Senthil Kumar) as its new National Credit Head.

DBS Bank CEO Tan Su Shan Cites $133B FCNR(B) Inflows as Proof of Global Faith in Indian Credit, Calls for Higher FDI to Anchor the RupeeNews1w ago

CEA V. Anantha Nageswaran Pitches for MSME-Specific Cash-Flow Approach to RBI’s NPA Classification NormsNews1w ago

40,000 Startup Accounts & 52% from Tier-II/III Cities: IDFC FIRST Bank’s V. Vaidyanathan on India’s New Startup GeographyNews1w ago

10 Oct 2026

News

Muthoot FinCorp Appoints Arun Kumar B as Chief Operating Officer and Harjit Singh Takkar as Chief Distribution Officer

*Muthoot FinCorp Limited, the flagship non-banking financial company of the Muthoot Pappachan Group (Muthoot Blue), has fortified its senior leadership bench with the dual appointment of Arun Kumar B as Chief Operating Officer (COO) and Harjit Singh Takkar in the newly created role of Chief Distribution Officer (CDO)**.

Orange Retail Finance Mobilises Listed NCD Debt via UMI Capital and Signs ₹100 Crore Co-Lending Pact with Shriram FinanceMarkets & Macro1w ago

Neo Wealth and Asset Management Appoints Siddhartha Basu as Chief Business Officer – HNI BusinessFintech & Startups1w ago

Showing 29 of 478 stories

Enforcement Divergence: ED Arrests Ozone Urbana CMD in ₹927 Crore Fraud as 10-Year-Old ₹280 Crore SBI Scam Drifts

29 RBI penalties. 7 moves to grow.

Today on the desk

RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited

IIFL Finance Q2 Net Profit Nearly Doubles to ₹805 Crore as AUM Expands 38% to ₹1.24 Lakh Crore

South Indian Bank Q2 Net Profit Jumps 23% YoY to ₹430 Crore; Net NPA Collapses to Near-Zero 0.09%

Avanse Financial Services Appoints Anila Rajneesh as Chief People Officer

You're already referring these borrowers. You're just not being paid for them.

See every loan and its rate.

Coverage by institution

The Penalty Board

Lender moves

The archive

Former Financial Services Secretary Nagaraju Maddirala Appointed CMD of IL&FS for Two Years

PNB Housing Finance Sees 5–8 bps NIM Expansion from RBI Rate Hike, Clinches Quadruple ‘AAA’ Rating Sweep: MD & CEO Ajai Shukla

Mahaveer Finance India Appoints 32-Year Lending Veteran Senthilkumar K as National Credit Head

Muthoot FinCorp Appoints Arun Kumar B as Chief Operating Officer and Harjit Singh Takkar as Chief Distribution Officer

The day's money story, before the market opens