RBI imposes monetary penalty on The Chitradurga District Co-operative Central Bank Ltd., Chitradurga, Karnataka
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Summary
The Reserve Bank of India (RBI) has, by an order dated June 15, 2026, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Chitradurga District Co-operative Central Bank Ltd., Chitradurga, Karnataka (the bank) 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)’. This penalty has been imposed in exerci