Kaithal Central Co-operative Bank Ltd., Haryana

RBI imposed a monetary penalty under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 after supervisory findings and a show-cause process. The sustained charge was that the bank had failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time, amounting to contravention of Section 26A read with Section 56 of the BR Act.

The bank must absorb the monetary penalty and address the compliance lapse going forward. The order does not itself impose a business restriction, but it signals supervisory scrutiny over unclaimed-deposit transfer compliance and may be relevant for future regulatory action if similar breaches recur. Depositors are indirectly affected only to the extent that unclaimed amounts must be transferred within the prescribed timeline.