RBI Penalties Report – 4th September 2025

1. The Dakshin Dinajpur District Central Co-operative Bank Limited, West Bengal Key Details Root Cause Analysis (RCA) The bank failed in two main areas related to KYC compliance: Preventive Controls Lessons Learned The penalty highlights the importance of maintaining an ongoing, dynamic KYC process rather than a one-time activity at account opening. Banks must actively […]

RBI Penalty

RBI Penalties Report – 1st September 2025

Jila Sahakari Kendriya Bank Maryadit, Narmadapuram, Madhya Pradesh Key Details Root Cause Analysis (RCA) The primary root cause for the penalty was the bank’s failure to adhere to the statutory requirement of transferring eligible unclaimed amounts to the DEAF within the specified timeframe. This non-compliance was a finding from a statutory inspection conducted by NABARD.

RBI Penalty
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