Matoshri Mahila Sahakari Bank Fined ₹40,000 by RBI for KYC Lapses
Moneylife Digital Team 17 February 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹40,000 on Parner, Maharashtra-based Matoshri Mahila Sahakari Bank Ltd for non-compliance with certain RBI directions related to know-your-customer (KYC) norms.
 
The statutory inspection of Matoshri Mahila Sahakari Bank, which was conducted by RBI with reference to its financial position as on 31 March 2025, revealed that the lender had failed to put in place a system of periodic review of risk categorisation of accounts, with such periodicity being at least once in six months. 
 
After considering the lender’s reply to the notice, oral submissions made during the personal hearing, and additional submissions made by it, RBI says the charges against Matoshri Mahila Sahakari Bank are sustained and warrant the imposition of a monetary penalty.
 
However, the banking regulator clarified that its action against Matoshri Mahila Sahakari Bank is based on deficiencies in regulatory compliance and is not intended to pronounce on the validity of any transactions or agreements entered into by the Bank with its customers. Further, imposition of a monetary penalty is without prejudice to any other action that may be initiated against the Bank, RBI added.
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