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NotificationRBIThursday, 10 September 2026

RBI imposes monetary penalty on Jilla Sahakari Bank Ltd., Azamgarh, Uttar Pradesh

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Citations are auto-generated; verify before publishing. The notification classification is PolicyDhara's, not the source's.

Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.

Summary

The Reserve Bank of India (RBI) has, by an order dated September 09, 2026, imposed a monetary penalty of ₹1.15 lakh (Rupees One Lakh and Fifteen Thousand only) on Jilla Sahakari Bank Ltd., Azamgarh, Uttar Pradesh (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the p

Key Facts

TypeNotification
SourceReserve Bank of India
PublishedThursday, 10 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
500 GW non-fossil fuel capacity target by 2030

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Power

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsPower ConsumersDISCOMsCoal Industry

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

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