RBI Fines Saibaba Nagari Sahakari Bank for KYC Lapses
RBI imposes monetary penalty on Saibaba Nagari Sahakari Bank Maryadit,Sailu, MaharashtraThe Reserve Bank of India (RBl) has, by an order dated June 24, 2025, imposeda monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Saibaba NagariSahakari Bank Maryadit, Sailu, Maharashtra (the bank) for non-compliance withcertain directions issued by RBI on ‘Know Your Customer (KYC)’. This … Read more