Case Brief
By an order dated November 06, 2025, RBI imposed a monetary penalty on The District Co-operative Central Bank Limited, Eluru, Andhra Pradesh for non-compliance with certain KYC directions. After inspection by NABARD and consideration of the bank’s reply and oral submissions, RBI found that the bank had failed to upload customer KYC records to the Central KYC Records Registry within the prescribed timeline. The action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Eluru, Andhra Pradesh
- Order Date