India, Nov. 4 -- The Reserve Bank of India (RBl) has, by an order dated October 14, 2025, imposed a monetary penalty of Rs. 8 lakh (Rupees Eight Lakh only) on Latur District Central Co-operative Bank Ltd., Maharashtra (the bank), for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Know Your Customers (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) and Section 46(4)(i) read with Section 56 of the BR Act.The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD), with reference to its financial posi...