The Boudh Co-operative Central Bank Ltd

RBI imposed a ₹10,000 penalty on The Boudh Co-operative Central Bank Ltd., Odisha for non-compliance with CIC membership directions. The bank had failed to submit customer credit information to three credit information companies.

The bank must absorb the monetary penalty and remain compliant with RBI’s CIC-related reporting directions going forward. The order does not itself impose an operational restriction on customers, but it signals continued supervisory scrutiny and the possibility of further action if non-compliance persists.

• Section 25 read with Section 23 of the Credit Information Companies (Regulation Act), 2005

RBI imposed a penalty of Rs 5 lakh each on 16 Central Co-operative Banks. The action was for KYC and AML non-compliance.

Each of the 16 co-operative banks must absorb the monetary penalty; the order does not describe any additional business restriction or licence action. The immediate impact is financial and compliance-related, with RBI signaling deficiencies in KYC/AML controls.

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

This RBI action affected 16 entities. This profile is linked as bulk member.