RBI imposes monetary penalty on The Tanur Co-operative Urban Bank Limited, Kerala
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.
RBI imposed a monetary penalty on The Tanur Co-operative Urban Bank Limited, Kerala under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act after supervisory findings showed non-compliance with RBI’s KYC directions. The sustained charge was that the bank had failed to upload KYC records of customers onto the Central KYC Records Registry (CKYCR).
Severity Assessment
A monetary penalty of ₹50,000 falls within the lowest monetary band, and there is no broader operational restriction.
The bank must bear the penalty and address the identified KYC compliance weakness. The order does not itself impose an operational restriction, but the compliance lapse may expose the bank to further supervisory or enforcement action if not remedied.
Published as The Tanur Co-operative Urban Bank Limited
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