The Reserve Bank of India (RBI) has imposed monetary penalties on two urban cooperative banks and one district central cooperative bank for non-compliance with regulatory directions.
By an order dated 12th November 2025, RBI levied a penalty of Rs 50,000 on the Big Kancheepuram Co-operative Town Bank Limited, Tamil Nadu, for not adhering to certain ‘Know Your Customer (KYC)’ guidelines.
On the same day, Shri Basaveshwar Sahakari Bank Niyamitha, Bagalkot, Karnataka, was fined Rs 1 lakh for violations related to ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and non-compliance with RBI’s 2016 directions on interest rates on deposits for cooperative banks.
Further, by an order dated 14th November 2025, the Nawada Central Co-operative Bank Limited, Bihar, was imposed a penalty of Rs 1.50 lakh for contravening provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949, and non-compliance with RBI guidelines on membership of Credit Information Companies by cooperative banks.
