The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50,000 on The Tanur Co-operative Urban Bank Limited, Kerala, for non-compliance with its Know Your Customer (KYC) guidelines.

The penalty, levied through an order dated March 20, 2026, has been imposed under the provisions of the Banking Regulation Act following supervisory findings during the bank’s statutory inspection conducted with reference to its financial position as on March 31, 2025.

According to the RBI, the bank failed to upload customer KYC records to the Central KYC Records Registry (CKYCR), which constituted a violation of regulatory directions. After issuing a show-cause notice and reviewing the bank’s response along with oral submissions, the central bank concluded that the charge was sustained, warranting the penalty.

The RBI clarified that the action is based on deficiencies in regulatory compliance and does not affect the validity of any transactions or agreements entered into by the bank with its customers. It also added that the penalty is without prejudice to any further action that may be taken against the bank.