Case Brief
By an order dated February 13, 2026, RBI imposed a monetary penalty of Rs 40,000 on Matoshri Mahila Sahakari Bank Limited, Parner, Maharashtra. The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, following supervisory findings of non-compliance with RBI directions on Know Your Customer (KYC). RBI held that the bank had failed to put in place a system for periodic review of the risk categorisation of accounts at least once in six months.
Action Snapshot
- Primary Impact
- Fine: Rs 40,000
- Entity Type
- Co-operative bank
- Location
- Parner, Maharashtra
- Order Date