Case Brief
By an order dated June 30, 2025, RBI imposed a monetary penalty of ₹1.00 lakh on District Central Co-operative Bank Ltd., Durg, Chhattisgarh. The penalty was imposed after NABARD's statutory inspection and RBI's supervisory review found non-compliance with KYC directions, including delays in uploading KYC records to CKYCR, failure to periodically update KYC for some customers, and issuance of multiple customer identification codes instead of a UCIC.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 L
- Entity Type
- Co-operative bank
- Location
- Durg, Chhattisgarh
- Order Date