Recorded RBI impact
Fine: Rs 50,000
Monetary penalty · Fresh imposition
Published by RBI
23 Mar 2026
Case Brief
By an order dated March 20, 2026, RBI imposed a monetary penalty of ₹50,000 on The Tanur Co-operative Urban Bank Limited, Kerala. The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act after RBI’s inspection and subsequent show-cause process found that the bank had not uploaded customers’ KYC records to the Central KYC Records Registry (CKYCR), contrary to RBI’s KYC directions.
Why RBI Acted
RBI imposed a monetary penalty on The Tanur Co-operative Urban Bank Limited, Kerala under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act after supervisory findings showed non-compliance with RBI’s KYC directions. The sustained charge was that the bank had failed to upload KYC records of customers onto the Central KYC Records Registry (CKYCR).
Operating Impact
The bank must bear the penalty and address the identified KYC compliance weakness. The order does not itself impose an operational restriction, but the compliance lapse may expose the bank to further supervisory or enforcement action if not remedied.
Regulatory Basis
- Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act
Action Facts
- Primary Impact
- Fine: Rs 50,000
- Order Date
- 20 Mar 2026
- Effective From
- 20 Mar 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- Co-operative bank