The Nawada Central Co-operative Bank Limited, Bihar

RBI imposed a monetary penalty of Rs 50,000 on The Nawada Central Co-operative Bank Limited, Bihar for KYC non-compliance. The bank had failed to upload customer KYC records to CKYCR within the prescribed timeline.

The bank must absorb the financial penalty, and the finding highlights deficiencies in its KYC compliance controls. The order does not by itself invalidate customer transactions, but RBI may initiate further action if warranted.

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

RBI imposed a monetary penalty of Rs 1.50 lakh on The Nawada Central Co-operative Bank Limited, Bihar. The bank was penalized for non-compliance with deposit-fund transfer and credit information reporting requirements.

The bank must absorb the Rs 1.50 lakh penalty, and the order signals continued supervisory scrutiny. The release does not impose an operational restriction, but the underlying compliance deficiencies may expose the bank to further regulatory action if not remedied.

• Section 26A 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
• Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a monetary penalty of ₹1.25 lakh on The Nawadah Central Co-operative Bank Ltd., Bihar. The action followed non-compliance with directions on CIC membership and KYC-related controls.

The bank must absorb the monetary penalty and continue complying with RBI’s CIC and KYC directions. The release does not indicate any operational restriction on the bank, but RBI may initiate further action if warranted.

• section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949
• section 25 of the Credit Information Companies (Regulation) Act, 2005