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JusticeReportedLow
2.0

RBI fines Monghyr-Jamui Central Co-op Bank ₹5 lakh for KYC lapses

RBI imposed a ₹5 lakh penalty on The Monghyr-Jamui Central Co-operative Bank for non-compliance with KYC directions, based on a NABARD statutory inspection. The action is routine regulatory enforcement, not indicative of systemic stress. It underscores ongoing supervisory scrutiny of smaller cooperative banks in India.

Reserve Bank of India — Press Releases3 days agoINengCredibility 10%View source

Score Breakdown

Mosaic Score2.0
Model confidence0.9
Significance0.1
Source credibility0.1

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Locations

Bihar

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country
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