India, Nov. 24 -- The Reserve Bank of India has imposed a monetary penalty of Rs 1.50 lakh on The District Co-operative Central Bank Limited, Kurnool, Andhra Pradesh, for violating provisions of the Banking Regulation Act, 1949, and failing to comply with RBI's Know Your Customer (KYC) guidelines. The order was issued on November 20, 2025. The action follows an inspection conducted by NABARD based on the bank's financial position as of March 31, 2024. After identifying breaches of statutory provisions and non-compliance with RBI directions, a show-cause notice was issued. Following a review of the bank's written response and oral submissions, the RBI concluded that the violations were substantiated. According to the RBI, the bank sanctioned...