Regulatory Alerts2026-08-06
Added
RBI imposes monetary penalty on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra
The Reserve Bank of India imposes a monetary penalty of ₹40,000 on Kedarnath Urban Co-operative Bank Ltd. for non-compliance with Know Your Customer directions and Supervisory Action Framework instructions. The bank failed to upload customer KYC records to the Central KYC Records Registry within the prescribed timeline and offered interest rates on certain deposits higher than those offered by the State Bank of India.
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