Layer 4 · CROs · Board · Sales — business case for compliance
RBI Penalty & Enforcement
What triggers RBI action, penalty quantum, adjudicating authority and recent precedents with ₹ amounts.
| Violation Type | Penalty Quantum | Authority | Recent Precedent |
|---|---|---|---|
| IT Governance lapses (Board accountability) | ₹1 Cr – ₹5 Cr per violation | RBI Enforcement Dept | Multiple PSU banks penalised in 2024 for IT committee non-compliance |
| Data localisation breach (payment data) | ₹5 Cr – ₹25 Cr; possible licence revocation | RBI + MeitY | Payment aggregators fined in 2023 for offshore data storage |
| Failure to report cyber incident within 6 hrs | ₹50 Lakh – ₹2 Cr per incident | RBI CSITE | ₹56 Cr total fines across 304 cases in 2024 per RBI annual report |
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