Case Brief
The Reserve Bank of India imposed a monetary penalty of Rs 50,000 on The Big Kancheepuram Co-operative Town Bank Limited, Tamil Nadu, by order dated November 12, 2025. The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, after RBI's statutory inspection and subsequent supervisory process found non-compliance with RBI's KYC directions. RBI held that the bank failed to upload customers' KYC records to the Central KYC Records Registry within the prescribed timeline.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Tamil Nadu
- Order Date