RBI · Enforcement
RBI fines United Puri-Nimapara Central Co-operative Bank ₹3 lakh for KYC lapses
The penalty for failing to upload customer KYC records to the central registry on time shows RBI's continued focus on compliance by co-operative banks.
What changed
- RBI imposed a monetary penalty of ₹3 lakh on the bank
- Bank failed to upload KYC records to CKYCR within prescribed timeline
- Action based on NABARD inspection findings as of March 31, 2025
The read
RBI penalised The United Puri-Nimapara Central Co-operative Bank with a ₹3 lakh fine for missing the deadline to upload customer KYC records to the central registry. The statutory inspection by NABARD revealed the lapse, and RBI's order on July 14, 2026 followed a show-cause notice and personal hearing. This is a routine enforcement, but the penalty shows RBI expects even smaller lenders to adhere strictly to anti-money laundering norms. Co-operative banks, often lagging in compliance, remain under scrutiny.
Key numbers
- Penalty: ₹3 lakh
- Inspection date: March 31, 2025
- Order date: July 14, 2026
Primary source: rbi.org.in