RBI imposes monetary penalty on The District Co-operative Central Bank Limited, Eluru, Andhra Pradesh

**Executive Summary** This press release, dated November 10, 2025, announces that the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹50,000 on The District Co-operative Central Bank Limited, Eluru, Andhra Pradesh. The penalty was issued on November 6, 2025, due to non-compliance with RBI directions on Know Your Customer (KYC) guidelines. The action is based on deficiencies in regulatory compliance. **Key Points / Main Content** * **Penalty Imposition:** * RBI imposed a monetary penalty of ₹50,000 on The District Co-operative Central Bank Limited, Eluru, Andhra Pradesh. * The order was dated November 6, 2025. * **Reason for Penalty:** * Non-compliance with RBI directions on ‘Know Your Customer (KYC)’. * Failure to upload the KYC records of customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline. * **Legal Basis:** * The penalty was imposed under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. * **Inspection and Findings:** * The statutory inspection of the bank was conducted by NABARD, referring to its financial position as on March 31, 2024. * A notice was issued advising the bank to show cause as to why the penalty should not be imposed. * **Disclaimer:** * The action is based on deficiencies in regulatory compliance. * The action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. * The penalty is without prejudice to any other action that may be initiated by RBI against the bank. **Impact Analysis** **The District Co-operative Central Bank Limited, Eluru, Andhra Pradesh** * **Impact:** Incurs a monetary penalty of ₹50,000. The bank's regulatory compliance record is negatively affected. * **Action Required:** Ensure compliance with KYC directions and upload KYC records of customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline to avoid further penalties. **RBI** * **Impact:** Responsible for enforcing regulatory compliance in the banking sector. * **Action Required:** Continue to monitor The District Co-operative Central Bank Limited and take further action if necessary. **Customers of The District Co-operative Central Bank Limited** * **Impact:** Indirectly affected as the bank needs to improve its compliance. * **Action Required:** No direct action required, but may experience changes as the bank enhances its KYC processes.

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