The Guntur District Co-operative Central Bank Limited

RBI imposed a ₹50,000 penalty on The Guntur District Co-operative Central Bank Limited, Andhra Pradesh. The action was for non-compliance with KYC directions, specifically delayed upload of customer KYC records to CKYCR.

The bank must ensure compliance with RBI KYC directions going forward, including timely upload of customer KYC records to CKYCR. The penalty itself is financial and does not, on this release, impose any new operational restriction on depositors or customers.

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

RBI has imposed a ₹50,000 penalty on The Guntur District Co-operative Central Bank Ltd., Andhra Pradesh. The action was taken for failing to publish its FY 2022-23 accounts and balance-sheet and for not furnishing copies to RBI/NABARD on time.

The bank must bear the monetary penalty; the release does not describe any operational restriction, suspension, or cancellation. The action highlights a compliance lapse in statutory reporting/disclosure, but it does not itself limit customer transactions or other banking საქმიანity.

• Section 31 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