Case Brief
By an order dated July 17, 2026, RBI imposed a monetary penalty of Rs 50,000 on The City Co-operative Bank, Hassan, Karnataka. The penalty was imposed under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act after RBI’s statutory inspection and show-cause process found non-compliance with RBI’s KYC directions. The sustained violation was the bank’s failure to upload customer KYC records to the Central KYC Records Registry within the prescribed timeline.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Hassan, Karnataka
- Order Date