On December 08, 2025, the Reserve Bank of India (RBI) announced it has imposed a monetary penalty of ₹50,000 on The Assam Co-operative Apex Bank Limited, Guwahati, 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 statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2025. The bank failed to carry out periodic review of risk categorization of accounts, with such periodicity being at least once in six months.
The Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 can be contacted at Phone: 022 - 2266 0502. Website: www.rbi.org.in and email : helpdoc@rbi.org.in
The Press Release number is 2025-2026/1659.
Brij Raj, Chief General Manager.
Key Entities Referenced
Reserve Bank of India (RBI): Imposing the monetary penalty.
Banking Regulation Act, 1949: The legal act under which the monetary penalty was imposed.
The Assam Co-operative Apex Bank Limited, Guwahati: The bank on which the monetary penalty was imposed.
Know Your Customer (KYC): Directions issued by RBI, and the basis for imposing penalty for non-compliance.
National Bank for Agriculture and Rural Development (NABARD): Conducted the statutory inspection of the bank.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 08, 2025
RBI imposes monetary penalty on The Assam Co-operative Apex Bank Limited,
Guwahati
The Reserve Bank of India (RBI) has, by an order dated December 1, 2025,
imposed a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Assam
Co-operative Apex Bank Limited, Guwahati (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 statutory inspection of the bank was conducted by the National Bank for
Agriculture and Rural Development (NABARD) with reference to its financial position
as on March 31, 2025. Based on supervisory findings of non-compliance with RBI
directions and related correspondence in that regard, a notice was issued to the bank
advising it to show cause as to why penalty should not be imposed on it for its failure
to comply with the said directions. After considering the bank’s reply to the notice and
oral submissions made during the personal hearing, RBI found, inter alia, that the
following charge against the bank was sustained, warranting imposition of monetary
penalty:
The bank had failed to carry out periodic review of risk categorization of accounts,
with such periodicity being at least once in six months.
This action is based on deficiency in regulatory compliance and is not intended to
pronounce upon the validity of any transaction or agreement entered into by the bank
with its customers. Further, imposition of this monetary penalty is without prejudice to
any other action that may be initiated by RBI against the bank.
(Brij Raj)
Press Release: 2025-2026/1659 Chief General Manager