KYC / AML — RBI enforcement objections
9 RBI monetary-penalty action(s) citing KYC / AML, totalling ₹8,460,000 in disclosed penalties. Each entry quotes RBI’s own stated reason from its official press release — nothing here is inferred or invented.
The Nabapalli Cooperative Bank Limited, West Bengal — ₹3 lakh
Thu, 25 Jun 2026 17:40:00 · Co-operative bank
RBI’s cited reason: for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’.
The Modern Co-operative Bank Limited, Chalisgaon, Maharashtra — ₹1 lakh
Thu, 25 Jun 2026 17:35:00 · Co-operative bank
RBI’s cited reason: for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Know Your Customer (KYC)’.
The Chitradurga District Co-operative Central Bank Ltd., Chitradurga, Karnataka — ₹1.5 lakh
Thu, 18 Jun 2026 17:40:00 · Co-operative bank
RBI’s cited reason: for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’.
Dharmavir Sambhaji Urban Cooperative Bank Ltd., Pune, Maharashtra — ₹10,000
Thu, 02 Jul 2026 17:35:00 · Co-operative bank
RBI’s cited reason: for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’.
Sultanpur Jilla Sahkari Bank Ltd., Uttar Pradesh — ₹3 lakh
Mon, 22 Jun 2026 15:50:00 · Commercial bank
RBI’s cited reason: for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’ and ‘Know Your Customer (KYC)’.
Five Star Business Finance Limited — ₹6.2 lakh
Fri, 19 Jun 2026 18:00:00 · NBFC / finance company
RBI’s cited reason: for non-compliance with certain provisions of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ and the directions issued by RBI on ‘Fair Practice Code’.
Pahal Financial Services Private Limited — ₹3.1 lakh
Fri, 19 Jun 2026 17:30:00 · NBFC / finance company
RBI’s cited reason: for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI.
GIC Housing Finance Limited — ₹3.1 lakh
Fri, 03 Jul 2026 17:35:00 · NBFC / finance company
RBI’s cited reason: for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ issued by RBI.
Bank of Baroda — ₹63.6 lakh
Fri, 03 Jul 2026 17:30:00 · Commercial bank
RBI’s cited reason: for non-compliance with certain provisions of directions issued by RBI on ‘Fair Practices Code for Lenders’ and ‘Know Your Customer (KYC)’.