Central Bank of India Fined ₹63.6 Lakh

RBI imposed a monetary penalty of ₹63.60 lakh on Central Bank of India for KYC and BSBDA non‑compliance.
The penalty follows RBI’s ISE 2025 inspection covering the bank’s financial position as of March 31, 2025, and a show‑cause process.
RBI found the bank failed to upload KYC records to the Central KYC Registry and opened duplicate BSBDA accounts.
The penalty does not affect the validity of transactions and RBI may take further action.