Case Brief
By an order dated December 1, 2025, RBI imposed a monetary penalty of ₹50,000 on The Assam Co-operative Apex Bank Limited, Guwahati. The penalty was imposed after RBI found non-compliance with its KYC directions, specifically that the bank did not carry out periodic review of the risk categorization of accounts at least once in six months. The action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, following supervisory findings, a show-cause notice, and consideration of the bank’s reply and oral submissions.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Guwahati, Assam
- Order Date