**Executive Summary**
This press release, dated February 5, 2026, announces that the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5,000 on Daund Urban Co-operative Bank Limited. The penalty was levied due to non-compliance with RBI directions on ‘Credit Information Reporting' as per the Credit Information Companies (Regulation) Act, 2005. This decision follows a statutory inspection conducted with reference to the bank's financial position as of March 31, 2025.
**Key Points / Main Content**
* **Penalty Imposition:**
* RBI imposed a monetary penalty of ₹5,000 on Daund Urban Co-operative Bank Limited.
* The order was dated February 02, 2026.
* **Reason for Penalty:**
* The penalty is for non-compliance with RBI directions on ‘Credit Information Reporting'.
* The bank failed to submit credit information of its customers to any Credit Information Companies (CICs).
* **Legal Basis:**
* The penalty was imposed under the provisions of Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.
* **Inspection and Findings:**
* A statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2025.
* The decision was based on supervisory findings of non-compliance with RBI directions.
* **Additional Information:**
* The action is based on deficiencies in regulatory compliance.
* The penalty is without prejudice to any other action that may be initiated by RBI against the bank.
**Impact Analysis**
**Daund Urban Co-operative Bank Limited**
* **Impact:**
* The bank faces a monetary penalty of ₹5,000.
* Reputational damage due to non-compliance.
* **Action Required:**
* The bank must pay the penalty.
* The bank must ensure compliance with Credit Information Reporting requirements to avoid future penalties.
Key Entities Referenced
Reserve Bank of India (RBI): Imposing monetary penalty.
Credit Information Companies (Regulation) Act, 2005: The act under which the penalty was imposed. Section 23 read with Section 25.
Daund Urban Co-operative Bank Limited: The bank on which the monetary penalty has been imposed.
Maharashtra: Location of the penalized bank.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
February 05, 2026
RBI imposes monetary penalty on Daund Urban Co-operative Bank Limited,
Daund, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated February 02, 2026,
imposed a monetary penalty of ₹5,000/- (Rupees Five Thousand only) on Daund
Urban Co-operative Bank Limited, Daund, Pune, Maharashtra (the bank), for non-
compliance with certain directions issued by RBI on ‘Credit Information Reporting’.
This penalty has been imposed in exercise of powers conferred on RBI under the
provisions of Section 25 read with Section 23 of the Credit Information Companies
(Regulation) Act, 2005.
A statutory inspection of the bank was conducted by RBI with reference to its
financial position as on March 31, 2025. Based on supervisory findings of non-
compliance with RBI directions and related correspondence in that regard, a notice
was issued to the bank advising it to show cause as to why penalty should not be
imposed on it for its failure to comply with the said directions. After considering the
bank’s reply to the notice and oral submissions made during the personal hearing,
RBI found, inter alia, that the following charge against the bank was sustained,
warranting imposition of monetary penalty:
The bank had failed to submit credit information of its customers to any of the
Credit Information Companies (CICs).
This action is based on deficiencies in regulatory compliance and is not intended
to pronounce upon the validity of any transaction or agreement entered into by the
bank with its customers. Further, imposition of monetary penalty is without prejudice
to any other action that may be initiated by RBI against the bank.
(Brij Raj)
Press Release: 2025-2026/2051 Chief General Manager