MUMBAI, India, Nov. 24 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated November 20, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Fatehpur District Co-operative Bank Limited, Uttar Pradesh (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of BR Act.
The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2024. Based on supervisory fi...