Central Bank of India fined ₹63.60 Lakh by RBI for KYC and BSBDA non-compliance
Central Bank of India was fined ₹63.60 lakh by the RBI on March 27, 2026. The penalty is due to non-compliance with KYC and BSBDA regulations. The RBI imposed the fine under the Banking Regulation Act, 1949.
The penalty amount of ₹63.60 lakh is relatively small for a bank of this size and is unlikely to have a significant financial impact.
The bank has been penalized by the central bank for non-compliance with regulatory directions, which is a negative development.
Central Bank of India has been penalized ₹63.60 lakh by the Reserve Bank of India (RBI) for non-compliance with directions related to 'Know Your Customer (KYC)' and 'Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)'. The penalty was imposed by RBI on 27th March 2026, under the powers conferred by the Banking Regulation Act, 1949. This information is disclosed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Central Bank of India filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Central Bank of India. Read the original for the full detail.