Case Brief
By an order dated March 20, 2026, RBI imposed a monetary penalty of ₹50,000 on The Tanur Co-operative Urban Bank Limited, Kerala. The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act after RBI’s inspection and subsequent show-cause process found that the bank had not uploaded customers’ KYC records to the Central KYC Records Registry (CKYCR), contrary to RBI’s KYC directions.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Tanur, Kerala
- Order Date