RBI · Enforcement
RBI fines Dharmavir Sambhaji Urban Cooperative Bank ₹10,000 for KYC non-compliance
Penalty for failing to upload KYC records to CKYCR within timeline
What changed
- RBI imposed monetary penalty of ₹10,000 on Dharmavir Sambhaji Urban Cooperative Bank Ltd.
- Penalty for non-compliance with KYC directions, specifically delayed upload to CKYCR
The read
RBI fined the bank ₹10,000. An inspection as of March 31, 2025 found that the bank failed to upload customer KYC records to the Central KYC Records Registry within the prescribed timeline, a lapse that regulators consider serious for anti-money laundering safeguards. The penalty is modest. Yet it signals that cooperative banks face heat for compliance lapses. The action does not question the validity of any underlying transaction or agreement.
Key numbers
- Penalty: ₹10,000
- Inspection reference date: March 31, 2025
- Order date: June 29, 2026
- Press release number: 2026-2027/592
Primary source: rbi.org.in