RBI Penalizes Odisha’s United Puri-Nimapara Bank for KYC Lapses

Miller Content Writer

The RBI imposed a ₹3 lakh penalty on The United Puri-Nimapara Central Co-operative Bank.

The fine was issued due to failure to upload customer KYC records to the CKYCR registry.

The inspection identified the violation based on the bank's financial position as of March 31, 2025.

The enforcement action reflects the RBI's tightened oversight on digital compliance for cooperative banks.

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