Case Brief
In an order dated October 3, 2025, RBI imposed a monetary penalty of ₹5 lakh on Rampur Jilla Sahkari Bank Ltd., Uttar Pradesh. The penalty followed a statutory inspection by NABARD and subsequent supervisory proceedings, including a show-cause notice and personal hearing. RBI held that the bank had contravened Section 26A read with Section 56 of the Banking Regulation Act, 1949 by failing to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time.
Action Snapshot
- Primary Impact
- Fine: Rs 5.00 L
- Entity Type
- Co-operative bank
- Location
- Uttar Pradesh
- Order Date