RBI imposed a monetary penalty of ₹1 lakh on Hardoi Jilla Sahkari Bank Ltd for KYC non‑compliance.
The penalty follows a statutory inspection by NABARD covering the bank’s financial position as of 31 March 2025.
RBI found the bank failed to conduct periodic risk‑category reviews at least once every six months, breaching RBI directions.
RBI stated the penalty is without prejudice to any further regulatory action that may be taken against the bank.