National Central Co-operative Bank Ltd., Bettiah

RBI imposed a monetary penalty of ₹4.10 lakh on The National Central Co-operative Bank Ltd., Bettiah, Bihar. The action was for regulatory non-compliance relating to unclaimed deposits, CIC reporting, and customer risk categorisation.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI. The findings signal expected improvements in unclaimed-deposit transfers, CIC reporting, and customer risk categorisation, with possible further supervisory action if deficiencies continue. Depositors and borrowers are indirectly affected through the bank’s compliance obligations and regulatory oversight.

• 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 Banking Regulation Act, 1949
• section 25 of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a Rs 2 lakh penalty on The National Central Cooperative Bank Limited, Bettiah, Bihar. The action was for non-compliance with directions on the Depositor Education and Awareness Fund and KYC.

The bank must bear the penalty and may face closer regulatory scrutiny for compliance lapses. The order does not invalidate customer transactions, but it highlights the need to strengthen KYC processes and fund-transfer compliance going forward.

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

RBI imposed a penalty of Rs 5 lakh on National Central Co-operative Bank Ltd., Bettiah, Bihar. The action was for violations of KYC norms and AML guidelines.

The bank must bear the penalty of Rs 5 lakh; the release does not describe any additional operational restriction or license impact. The forward-looking effect is limited to the financial penalty and the compliance signal for KYC/AML controls.

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