Jila Sahakari Kendriya Bank Maryadit, Shahdol (M.P.)

RBI imposed a Rs 50,000 penalty on Jila Sahakari Kendriya Bank Maryadit, Shahdol (M.P.). The action was for delayed submission of OSS returns to NABARD and related non-compliance.

The bank must absorb the monetary penalty and address the compliance lapse that led to delayed OSS reporting to NABARD. The action does not by itself impose an operational restriction on the bank's business, but it signals continued regulatory scrutiny of its reporting and compliance processes.

• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Act

RBI imposed a penalty of ₹1 lakh on Jila Sahakari Kendriya Bank Maryadit, Shahdol (M.P.) for regulatory non-compliance. The breaches related to KYC directions and failure to transfer unclaimed deposits to the Depositor Education and Awareness Fund.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI, especially around KYC controls, suspicious transaction monitoring, and transfer of long-unclaimed deposits to the Depositor Education and Awareness Fund. The action does not itself impose an operational ban, but it signals supervisory concern and may affect ongoing compliance expectations.

• Section 47 A (1) (c)
• Section 46 (4) (i)
• Section 56 of the Act

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