The Gopalganj Central Co-operative Bank Limited, Bihar

RBI imposed a ₹5.50 lakh penalty on The Gopalganj Central Co-operative Bank Limited, Bihar for KYC and regulatory compliance lapses. The bank also failed to dispose of certain non-banking assets within the prescribed period.

The bank must absorb the penalty and address the underlying compliance gaps in asset disposal and KYC record upload processes. The order does not itself impose a business restriction, but it signals continuing supervisory scrutiny and possible further action if deficiencies persist.

• Section 9 read with Section 56 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 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.