Jilla Sahakari Kendriya Bank Maryadit, Bhind, Madhya Pradesh

RBI has imposed a monetary penalty of Rs 2.50 lakh on Jilla Sahakari Kendriya Bank Maryadit, Bhind, Madhya Pradesh. The penalty was for failing to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund on time.

The bank must absorb the penalty and address the compliance lapse identified by RBI. There is no stated restriction on its operations in this release, but the finding may leave the bank exposed to further supervisory action if similar non-compliance continues.

• Section 26A read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act

RBI imposed a ₹2.75 lakh penalty on Jilla Sahakari Kendriya Bank Maryadit, Bhind, Madhya Pradesh. The action followed non-compliance with unclaimed deposit transfer requirements and CIC reporting directions.

The bank must absorb the penalty and remain compliant with statutory deposit transfer requirements and CIC reporting directions going forward. No customer-facing operational restriction was announced in this release, but RBI may initiate other action separately if warranted.

• section 26A read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act
• section 25 of the Credit Information Companies (Regulation) Act, 2005