Question
Under the RBI order dated 30 January 2026, what was the penalty imposed on Jaipur Central Co-operative Bank Ltd., Rajasthan?Â
Solution
The Reserve Bank of India imposed a monetary penalty of ₹1 lakh on Jaipur Central Co-operative Bank Ltd., Rajasthan. The penalty was levied for failure to implement a system of periodic review of risk categorisation of customer accounts, which is required to be conducted at least once every six months under RBI’s KYC directions. Â
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