Case Brief
By an order dated September 02, 2025, RBI imposed a monetary penalty of Rs 7.50 lakh on Tripura State Co-operative Bank Ltd. for non-compliance with certain RBI directions on Know Your Customer (KYC). The action followed a statutory inspection by NABARD with reference to the bank’s financial position as on March 31, 2024, and a subsequent show-cause process. RBI found that the bank failed to upload customer KYC records onto the Central KYC Records Registry (CKYCR) within the prescribed timeline.
Action Snapshot
- Primary Impact
- Fine: Rs 7.50 L
- Entity Type
- Co-operative bank
- Location
- Tripura
- Order Date