Case Brief
RBI, by order dated November 20, 2025, imposed a monetary penalty of Rs 1.50 lakh on The District Co-operative Central Bank Limited, Kurnool, Andhra Pradesh. The action followed a statutory inspection by NABARD and a show-cause process that found contraventions of Sections 20 read with Section 56 of the Banking Regulation Act, 1949 and non-compliance with RBI’s KYC directions. RBI sustained charges that the bank sanctioned loans to its directors and failed to upload customer KYC records to the Central KYC Records Registry within the prescribed timeline.
Action Snapshot
- Primary Impact
- Fine: Rs 1.50 L
- Entity Type
- Co-operative bank
- Location
- Kurnool, Andhra Pradesh
- Order Date