The Reserve Bank of India (RBI) has levied monetary penalties on three district cooperative banks and two urban cooperative banks for non-compliance with various regulatory norms.
As per RBI orders dated September 15 and 17, 2025, Bharat Co-operative Bank (Mumbai) Limited was fined Rs 3.75 lakh for failing to comply with directions on “Reporting of Unusual Cyber Security Incidents.”
Similarly, The Ahmedabad Mercantile Co-operative Bank Limited, Ahmedabad was penalized Rs 23,000 for non-compliance regarding membership with Credit Information Companies by cooperative banks.
Among district central cooperative banks in Maharashtra, Yavatmal District Central Co-operative Bank Ltd. was imposed a Rs 1 lakh penalty for contravention of Sections 20 and 56 of the Banking Regulation Act, 1949.
Chandrapur District Central Co-operative Bank Ltd. faced a Rs 4.50 lakh fine for violations of Section 26A read with Section 56 of the BR Act and non-compliance with RBI’s Know Your Customer (KYC) guidelines.
Jalgaon District Central Co-operative Bank Ltd. was penalized Rs 3.50 lakh for contravention of Sections 20 and 56 of the BR Act and failure to adhere to KYC norms.
RBI clarified that these penalties were imposed in exercise of powers under the Banking Regulation Act, 1949, and are intended as a deterrent, emphasizing the need for cooperative banks to strengthen compliance frameworks.
