Case Brief
The Reserve Bank of India imposed a monetary penalty on Dharmavir Sambhaji Urban Cooperative Bank Ltd., Pune, Maharashtra, after a statutory inspection found a breach of RBI’s KYC directions. RBI said the bank failed to upload customer KYC records to the Central KYC Records Registry within the required timeline, and the penalty was imposed under the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 10,000
- Entity Type
- Co-operative bank
- Location
- Pune, Maharashtra
- Order Date