PRIMARYRBI Press Releases·6 Aug 2026neutral

RBI imposes monetary penalty on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra

AI Summary

·RBI imposed a penalty of ₹40,000 on Kedarnath Urban Co-operative Bank Ltd.
·The penalty was for non-compliance with KYC and Supervisory Action Framework directions.
·The inspection was conducted with reference to the bank's financial position as on March 31, 2025.