Case Brief
RBI imposed a monetary penalty of ₹3 lakh on The United Puri-Nimapara Central Co-operative Bank Limited, Odisha by order dated July 14, 2026. The action followed a statutory inspection by NABARD and a show-cause notice process. RBI found that the bank had failed to upload customer KYC records to the Central KYC Records Registry (CKYCR) within the prescribed timeline, constituting non-compliance with RBI directions on KYC, and imposed the penalty under the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 3.00 L
- Entity Type
- Co-operative bank
- Location
- Puri-Nimapara, Odisha
- Order Date