HomeSearchBrowseSectorsAlertsBudgetParliamentHow Policy Is MadeLong ReadsPolicy HistoryIntelligenceKnowledge GraphContinuityCompareAmendmentsWeekly WrapDigestStatesMy TrackerSourcesBlogAPIAboutRSS Feed
Latest policy
Telecom Consumers Protection (13th Amendment) Regulations, 2026TRAI releases Telecom Consumer Protection (13th Amendment) Regulations, 2026Notification for Government Residence Rules 2026Supervisory Data Quality Index for Scheduled Commercial Banks (June 2026)Settlement Order in the matter of Adani Group CompaniesAdjudication Order in respect to Shri Shreedhar Yellaiah Kodam in the matter of Well Pack Papers and Containers LimitedReserve Bank of India (All India Financial Institutions - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026Reserve Bank of India (Payments Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026RBI issues Directions on Minimum Capital Requirements for Market Risk under Basel III for Commercial BanksApplications invited from eligible candidates for the appointment to the post of State Chief Information CommissionerUnion Budget 2025-26One Nation One Election Proposal - 129th Constitutional Amendment BillTelecom Consumers Protection (13th Amendment) Regulations, 2026TRAI releases Telecom Consumer Protection (13th Amendment) Regulations, 2026Notification for Government Residence Rules 2026Supervisory Data Quality Index for Scheduled Commercial Banks (June 2026)Settlement Order in the matter of Adani Group CompaniesAdjudication Order in respect to Shri Shreedhar Yellaiah Kodam in the matter of Well Pack Papers and Containers LimitedReserve Bank of India (All India Financial Institutions - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026Reserve Bank of India (Payments Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026RBI issues Directions on Minimum Capital Requirements for Market Risk under Basel III for Commercial BanksApplications invited from eligible candidates for the appointment to the post of State Chief Information CommissionerUnion Budget 2025-26One Nation One Election Proposal - 129th Constitutional Amendment Bill
NotificationRBIMonday, 31 August 2026

RBI imposes monetary penalty on The Mumbai District Central Co-operative Bank Ltd., Maharashtra

Cite this
Citations are auto-generated; verify before publishing. The notification classification is PolicyDhara's, not the source's.
Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.
Summary
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The s
Key Facts
TypeNotification
SourceReserve Bank of India
PublishedMonday, 31 August 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
500 GW non-fossil fuel capacity target by 2030
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Power
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsPower ConsumersDISCOMsCoal Industry
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
4 changes recorded for this policy.
DescriptionTuesday, 1 September 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The s
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank...
DescriptionTuesday, 1 September 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The s
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank...
DescriptionTuesday, 1 September 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The s
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank...
DescriptionWednesday, 2 September 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The s
The Reserve Bank of India (RBI) has, by an order dated August 25, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on The Mumbai District Central Co-operative Bank...
Explore Sectors
Finance & Economy668 tracked→Energy97 tracked→
Read Full Text at Source
Related Policies
Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 22, 2026
▲ highTodayRBIAnnouncementPress release
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 71,971 Amount accepted (in ₹ crore) 71,971 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad           Deputy General Manager (Communications)     Press Release: 2026-2027/1164
Finance & Economy
Keyboard Shortcuts
Navigate between policiesJ / K
Open focused policyEnter
Focus search/
Toggle light/darkD
Bookmark focused policyB
Go homeH
Show this help?
Close overlayEsc