RBI Imposes ₹31.80 Lakh Penalty On Airtel Payments Bank For Non-Compliance With Disclosure Norms

The Reserve Bank of India on Monday imposed a monetary penalty of Rs 31.80 lakh on Airtel Payments Bank Limited for non-compliance with certain provisions of the directions issued by RBI on “Disclosure in Financial Statements”.

The action follows the Statutory Inspection for Supervisory Evaluation conducted with reference to the bank's financial position as on March 31, 2025. Based on the supervisory findings, RBI found non-compliance with its directions and issued a show cause notice to the bank.

After considering the bank's reply and submissions, RBI found that the charge regarding non-disclosure of certain complaints in its annual financial statements for FY 2024–25 was sustained, warranting imposition of penalty.

“The 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.” it clarified

It also stated that the penalty is without prejudice to any further action that may be initiated.