RBI fines Bhind DCCB Rs 2.5 lakh for compliance lapse

The Reserve Bank of India (RBI) has imposed a Rs 2.50 lakh monetary penalty on Jilla Sahakari Kendriya Bank Maryadit, Bhind, Madhya Pradesh, for violating provisions of the Banking Regulation Act, 1949. According to an RBI order dated August 11, 2026, the penalty relates to the bank’s failure to transfer eligible unclaimed amounts to the Depositor Education [...]