PRIMARYRBI Press Releases·14 May 2026neutral

RBI imposes monetary penalty on Jilla Sahakari Kendriya Bank Maryadit, Seoni, Madhya Pradesh

AI Summary

·RBI imposed a penalty of ₹1.50 lakh on Jilla Sahakari Kendriya Bank Maryadit, Seoni.
·The penalty was for contravention of the Banking Regulation Act, 1949 and non-compliance with KYC directions.
·The inspection was conducted by NABARD with reference to the bank's financial position as on March 31, 2025.