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Karjan Nagrik Sahakari Bank Ltd., Karjan Dist. Vadodara (Gujarat)

Co-operative bankKarjan, Gujarat

A source-linked record of 2 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
2
Total penalties
Rs 2.00 L
Latest action
17 Sept 2013

Enforcement Fingerprint

2 actions across 1 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Monetary penalty2

Lifecycle Mix

Fresh imposition2

Severity Mix

S1 Low2

Source-linked record

Action History

2 linked actions

2013

2

Case brief

RBI imposed a penalty of Rs 1 lakh on Karjan Nagrik Sahakari Bank Ltd., Karjan Dist. Vadodara (Gujarat). The action was for violation of RBI instructions relating to KYC norms.

Impact

The bank must absorb the monetary penalty; the release does not mention any operational restriction beyond the fine. The finding relates to KYC compliance and serves as a regulatory reprimand for the cooperative bank.

Why RBI acted

KYC / AML

Regulatory basis

  • Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
View Case BriefView RBI Release

Case brief

RBI imposed a Rs 1 lakh monetary penalty on The Karjan Nagarik Sahakari Bank Ltd. in Gujarat.

Impact

The bank must absorb the financial penalty and ensure stronger compliance with RBI's KYC requirements going forward. The order does not describe an operational restriction, but it signals supervisory scrutiny over customer due diligence and related compliance controls.

Why RBI acted

KYC / AML

Regulatory basis

  • Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
View Case BriefView RBI Release