RBI Regulatory Penalty Report 2024
Roadmap for Financial Institutions in India
A strategic enforcement analysis from AK & Partners—tailored for banks, NBFCs, fintechs, and compliance leaders for risk mitigation and compliance systems
The Year RBI made Compliance Non-Negotiable
In 2024, India’s financial regulator levied over ₹56 crore in monetary penalties across more than 300 enforcement actions. But the message goes beyond numbers—compliance is now a leadership function, not a backend formality.
From KYC lapses and related-party lending to cybersecurity failures and digital governance gaps, the RBI’s scrutiny spanned legacy banks, digital lenders, NBFCs, and payment system operators.
This report is AK & Partners' flagship enforcement analysis—curated for decision-makers seeking to understand regulatory psychology, institutional blind spots, and risk foresight for 2025.
Anuroop Omkar
Founding Partner
Kritika Krishnamurthy
Founding Partner
RBI Penalty 2024: Strategy Over Symbolism
“Compliance has moved from being reactive to reputational. The penalties are not just about wrongdoing—they are about governance blind spots. Let this report be your mirror and your map.”
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