The Reserve Bank of India (RBI) on 31 March 2015 imposed a monetary penalty of five lakh rupees on 16 Central Co-operative Banks (CCBs).
The penalty was imposed for non-adherence of the Know Your Customer (KYC) and Anti-Money Laundering guidelines. The 16 co-operative banks on which the penalty was imposed are
| Sr. No. | Name of the Bank |
| 1. | The Dumka Central Co-operative Bank Ltd., Dumka (Jharkhand) |
| 2. | The Gumla Simdega Central Co-operative Bank Ltd., (Jharkhand) |
| 3. | The Dhanbad Central Co-operative Bank Ltd., (Jharkhand) |
| 4. | The Rewari Central Co-operative Bank Ltd., Rewari (Haryana) |
| 5. | The Mansa Central Co-operative Bank Ltd., Mansa (Punjab) |
| 6. | The Jind Central Co-operative Bank Ltd., (Haryana) |
| 7. | The Gopalganj Central Co-operative Bank Ltd., Gopalganj (Bihar) |
| 8. | Ajmer Central Co-operative Bank Ltd., Ajmer (Rajasthan) |
| 9. | Hanumangarh Kendriya Sahakari Bank Ltd., (Rajasthan) |
| 10. | The Central Co-operative Bank Ltd., Bikaner (Rajasthan) |
| 11. | The Sirohi Central Co-operative Bank Ltd., Sirohi (Rajasthan) |
| 12. | The Bundi Central Co-operative Bank Ltd., Bundi (Rajasthan) |
| 13. | The Boudh Co-operative Central Bank Ltd., (Odisha) |
| 14. | Bhawanipatna Central Co-operative Bank, (Odisha) |
| 15. | Cuttack Central Co-operative Bank Ltd., (Odisha) |
| 16. | The Sambalpur District Co-operative Central Bank Ltd., (Odisha) |
The penalties were imposed on these co-operative banks in exercise of powers vested in RBI under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards.
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