Regulation 2025
Banking (Penalties) Regulations, 2025
Issued by Central Bank of Kenya
Effective: 9 Jul 2025
Plain-English summary
Legal Notice No. 116 of 2025, made under the Banking Act. Defines a violation as non-compliance with the Act, the Prudential Guidelines or a direction of the Central Bank and sets maximum penalties by breach, for example up to KES 20 million for continuing banking business after licence revocation (reg. 7) and up to KES 10 million for late submission of audited financial statements (reg. 55).
Who it applies to
Banking
Topics
Prudential & Capital
Latest news
-
RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
-
RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
-
RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…