The Kangra Co-operative Bank Ltd., New Delhi

RBI imposed a monetary penalty under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 after an IT examination and scrutiny, supplemented by findings from CSIRT-Fin/CERT-In and a CERT-In empanelled auditor, in relation to a cyber security incident reported by the bank. RBI found that the charge of not putting in place certain mandated controls under the cyber security framework for UCBs was sustained, constituting non-compliance with the directions issued on the Basic Cyber Security Framework for Primary (Urban) Cooperative Banks and the Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks - A Graded Approach.

The bank must bear the monetary penalty, and the enforcement record may inform further supervisory or enforcement action. There is no stated deposit, lending, or operational restriction in this release; the impact is primarily compliance and reputational, while RBI expressly notes that other action may still be initiated.