Case Brief
RBI, by an order dated August 25, 2026, imposed a monetary penalty of ₹50,000 on Jalna District Central Co-operative Bank Ltd., Maharashtra. The action followed a statutory inspection and subsequent show-cause proceedings, which found non-compliance with RBI directions relating to membership of Credit Information Companies by co-operative banks and KYC requirements. RBI sustained charges that the bank did not report credit information of its borrowers to all Credit Information Companies and failed to review the risk categorisation of accounts at least once every six months.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Jalna, Maharashtra