Bank of Maharashtra has informed stock exchanges about a monetary penalty imposed by the Reserve Bank of India (RBI) for regulatory non-compliance. The disclosure was made on February 13, 2026, in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Penalty Details

The RBI has imposed a monetary penalty on the bank following its Statutory Inspection for Supervisory Evaluation (ISE 2025). The inspection was conducted with reference to the bank's financial position as on March 31, 2025.

Nature of Non-Compliance

The penalty has been imposed for non-compliance with specific regulatory provisions. The bank violated certain directions issued by RBI in two key areas:

• Credit information reporting in respect of Self Help Group members
• Know Your Customer (KYC) norms

These violations were identified during the comprehensive regulatory inspection conducted by the central bank.

Bank's Response and Action

Bank of Maharashtra has acknowledged the penalty and outlined its response to address the regulatory concerns. The bank stated that it has taken necessary preventive actions to strengthen its internal processes. These measures are specifically aimed at preventing the recurrence of such regulatory violations in the future.

The bank has characterized the expected financial implications of this penalty as non-material, indicating that the ₹32.50 lakh penalty amount is not expected to significantly impact its overall financial performance.

Regulatory Compliance Framework

The disclosure was made through Form A, which is the prescribed format for communicating regulatory actions to stock exchanges. This transparency measure ensures that investors and stakeholders are informed about material regulatory developments affecting the bank's operations and compliance status.

The United Forum of Bank Unions has announced a one-day strike scheduled for January 27, 2026, which could significantly impact banking operations across the country. Bank of Maharashtra is among the financial institutions that may experience disruptions to their normal services during this period.

Strike Details

The nationwide strike called by the United Forum of Bank Unions is set to take place on January 27, 2026. This coordinated action by banking unions could lead to widespread service interruptions across the banking sector.

Expected Impact on Operations

Bank of Maharashtra branches and offices may face operational challenges during the strike period. The disruption could affect various banking services and customer transactions across the bank's network.

Service Disruptions

Customers of Bank of Maharashtra should be prepared for potential service interruptions during the strike day. The impact may vary across different branches and offices depending on local participation in the strike action.

The banking union's decision to call for a strike reflects ongoing concerns within the sector, though specific demands or reasons for this particular strike action have not been detailed in the available information.