MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated September 01, 2025, imposed a monetary penalty of ₹2.02 lakh (Rupees Two Lakh Two Thousand Only) on The Pataliputra Central Co-operative Bank Ltd., Bihar (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)' and 'Membership of Credit Information Companies (CICs) by Co-operative Banks.' 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 and Section 25 read with Section 23 of the Credit Information Companies (Regulation Act), 2...