Mumbai District Central Co-operative Bank Ltd

RBI has imposed a monetary penalty of Rs 20,000 on The Mumbai District Central Co-operative Bank Ltd., Maharashtra. The bank was penalized for failing to upload customer KYC records to CKYCR within the prescribed timeline.

The bank must bear a penalty of Rs 20,000, and the order may be followed by any other action RBI considers appropriate. The release does not describe a restriction on operations, but it signals continuing compliance expectations around KYC record upload requirements.

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

RBI has imposed a monetary penalty of ₹2 lakh on The Mumbai District Central Co-operative Bank Ltd., Maharashtra. The penalty was for contravention of Section 20 of the Banking Regulation Act, 1949, involving sanction of certain director-related loans.

The bank must bear the monetary penalty, but the release does not impose a business restriction or suspension. The action serves as a regulatory reprimand for deficient statutory compliance and signals possible further action, though the press release states the penalty is without prejudice to any other action RBI may initiate.

• Section 20 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 ₹1 lakh penalty on Mumbai District Central Co-operative Bank Ltd., Mumbai, for KYC/AML violations. The bank had responded to a show-cause notice, but RBI found the breaches substantiated.

The bank must absorb the monetary penalty; no additional operational restriction is described in the release. The action serves as an enforcement record for KYC/AML compliance expectations but does not itself impose a continuing business restriction on depositors or counterparties.

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