Pali District Co-op Bank Fined ₹50k KYC

RBI imposed a monetary penalty of ₹50,000 on The Pali District Central Co-operative Bank Ltd., Rajasthan for KYC non‑compliance.
The penalty follows a NABARD‑conducted statutory inspection covering the bank’s financial position as of 31 March 2025 and a show‑cause process.
RBI found the bank failed to conduct periodic risk‑categorisation reviews at least once every six months, breaching regulatory directions.
RBI clarified the penalty does not affect any customer transactions and reserves the right to pursue additional enforcement actions.