The Rohika Central Co-operative Bank Limited, Bihar

RBI has imposed a monetary penalty on The Rohika Central Co-operative Bank Limited, Bihar. The action follows findings of non-compliance with RBI directions on CIC membership and KYC, along with contravention of the Banking Regulation Act.

The bank must absorb the monetary penalty and address the compliance failures identified by RBI. The findings may also support any further supervisory or enforcement action, while the order itself does not invalidate customer transactions or agreements.

• 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 Banking Regulation Act, 1949
• Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a ₹1.50 lakh penalty on The Rohika Central Co-operative Bank Limited, Madhubani, Bihar. The penalty was for KYC compliance lapses found during supervisory inspection.

The bank must bear the ₹1.50 lakh penalty, and the finding signals the need to strengthen KYC controls, customer risk categorization, and periodic KYC updation going forward. The release does not impose a new operational restriction on depositors or counterparties.

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