Bank of Maharashtra — Others, 02-05-2025: Action(s) taken or orders passed

Bank of Maharashtra has announced a monetary penalty of ₹31.80 lakh imposed by the RBI for non-compliance with Aadhaar OTP-based e-KYC in non face-to-face customer onboarding, identified during a supervisory inspection. The bank has accepted the findings and taken corrective actions to prevent recurrence. While this points to compliance risks, it does not affect the bank’s operational performance or financial position.