New Delhi, June 8 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 41.8 lakh on Canara Bank for non-compliance with certain regulatory directions, including Know Your Customer (KYC) norms. RBI Imposes Penalty Following Supervisory Review According to the RBI, the action follows deficiencies observed during a supervisory evaluation of the bank's financial position and operations as of March 31, 2025. The central bank found that Canara Bank had failed to upload KYC records of certain customers to the Central KYC Records Registry (CKYCR) within the prescribed timelines. Banks are required to update customer KYC information on the central registry within stipulated timeframes to strengthen customer identification and re...