Case Brief
RBI, by an order dated February 23, 2026, imposed a monetary penalty of ₹50,000 on The Guntur Women Co-operative Urban Bank Limited, Andhra Pradesh. The penalty followed a statutory inspection and subsequent supervisory findings that the bank had not complied with RBI’s KYC requirements, specifically its failure to upload customer KYC records to the Central KYC Records Registry (CKYCR). RBI said the action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Andhra Pradesh
- Order Date