The Chitradurga District Co-operative Central Bank Ltd., Chitradurga, Karnataka

RBI imposed a monetary penalty of ₹1.50 lakh on The Chitradurga District Co-operative Central Bank Ltd., Chitradurga, Karnataka. The action followed findings of director-related lending and delayed KYC record uploads to CKYCR.

The bank must absorb the ₹1.50 lakh penalty and address the compliance gaps identified by RBI. The order does not state any direct operational restriction, but it signals supervisory concern over related-party lending controls and KYC record management.

• Section 20 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

RBI imposed a ₹50,000 penalty on The Chitradurga District Co-operative Central Bank Limited, Chitradurga, Karnataka. The bank was penalized for non-compliance with NABARD’s fraud reporting directions.

The bank must absorb the monetary penalty and remains exposed to any further RBI action, as the release states this penalty is without prejudice to other action that may be initiated. There is no stated operational restriction on customers or business activities from this order.

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