The Tamil Nadu Circle Postal Co-operative Bank Ltd

RBI has imposed a ₹50,000 penalty on The Tamilnadu Circle Postal Co-operative Bank Limited, Tamil Nadu. The penalty was for non-compliance with RBI directions on exposure norms and related restrictions for UCBs.

The bank must absorb the penalty and continue complying with RBI directions on exposure norms and restrictions applicable to UCBs. No broader operational restriction is imposed by this release, but the finding may expose the bank to further supervisory or enforcement action.

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

RBI imposed a monetary penalty of ₹50,000 on The Tamil Nadu Circle Postal Co-operative Bank Ltd., Tamil Nadu. The action was taken for non-compliance with RBI’s SAF directions on deposit interest rates.

The bank must absorb the monetary penalty and remain compliant with the SAF directions going forward. The release does not mention any operational restriction, but it signals continued supervisory scrutiny and the possibility of further action if non-compliance persists.

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

RBI imposed a ₹50,000 penalty on The Tamilnadu Circle Postal Co-operative Bank Limited for KYC non-compliance. The bank had not uploaded customer KYC records to CKYCR within the prescribed timeline.

The bank must absorb the monetary penalty, and the order may not preclude any further action RBI may initiate for the same or related compliance lapses. There is no stated operational restriction on depositors or customers in this release.

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