RBI imposed a monetary penalty of ₹40,000 on Youth Development Co-operative Bank Ltd., Kolhapur, for KYC and inoperative account non‑compliance.
The penalty follows a statutory inspection of the bank’s financial position as of 31 March 2025 and a show‑cause notice.
RBI found the bank activated certain inoperative accounts without obtaining required KYC documents, breaching revised RBI directions.
The action is taken under Section 47A(1)(c) and related Banking Regulation Act provisions, without prejudice to further RBI measures.