Batlagundu Co-operative Urban Bank Limited

RBI has imposed a ₹1 lakh penalty on The Batlagundu Co-operative Urban Bank Limited, Tamil Nadu. The action follows breaches of prudential capital and lending-related directions.

The bank must bear the monetary penalty and remains subject to RBI supervision. The order does not itself cancel or restrict the bank’s operations, but it signals continuing compliance expectations around capital adequacy, lending limits, and SAF directions.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI imposed a Rs 50,000 penalty on Batlagundu Co-operative Urban Bank Limited, Dindigul, for KYC non-compliance. The bank had failed to upload customer KYC records to CKYCR within the prescribed timeline.

The bank must bear the monetary penalty and remain compliant with RBI's KYC/CKYCR requirements going forward. The order does not itself alter customer transactions, but it signals continuing supervisory scrutiny and leaves open the possibility of further RBI action for related non-compliance.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949