Case Brief
By an order dated August 11, 2026, RBI imposed a monetary penalty of Rs 2.50 lakh on Jilla Sahakari Kendriya Bank Maryadit, Bhind, Madhya Pradesh. The penalty was levied after a NABARD statutory inspection and a show-cause process, on the finding that the bank had failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed period, in contravention of Section 26A read with Section 56 of the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 2.50 L
- Entity Type
- Co-operative bank
- Location
- Bhind, Madhya Pradesh
- Order Date