Case Brief
By an order dated December 31, 2025, RBI imposed a monetary penalty of ₹2 lakh on Jila Sahakari Bank Limited, Mau, Uttar Pradesh. The penalty was levied after a statutory inspection and subsequent notice process found that the bank had failed to comply with RBI directions on KYC, specifically by not periodically reviewing the risk categorisation of accounts at least once in six months and not carrying out periodic KYC updation for customers. The action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
Action Snapshot
- Primary Impact
- Fine: Rs 2.00 L
- Entity Type
- Co-operative bank
- Location
- Mau, Uttar Pradesh
- Order Date