MUMBAI, India, March 30 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated March 30, 2026, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty one lakh eighty thousand only) on Airtel Payments Bank Limited (the bank) for non-compliance with certain provisions of the directions issued by RBI on 'Disclosure in Financial Statements'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.
The Statutory Inspection for Supervisory Evaluation (ISE 2025) of the bank was conducted by RBI with reference to its financial position as on March 31, 2025. Based...