# RBI imposes ₹4.8 lakh penalty on three entities for lapses 2026-08-10T14:09:14+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India has fined three entities a total of ₹4.80 lakh for separate compliance failures. The penalties were announced on August 6 and 11, 2026, based on inspections and correspondence that revealed rule breaches. The Amravati District Central Co-operative Bank in Maharashtra was fined ₹50,000 for KYC violations and failing to send SMS alerts to certain customers. Jilla Sahakari Kendriya Bank Maryadit in Bhind, Madhya Pradesh, was penalised ₹2.50 lakh for not transferring unclaimed deposits to the Depositor Education and Awareness Fund on time. Valuefin India Credit Services Private Limited was fined ₹1.80 lakh for not getting prior RBI approval when its shareholding changed by more than 26%. ## Coverage - rbi.org.in - rbi.org.in - rbi.org.in Tags: Amravati District Central Co-operative Bank, bank charges, compliance, KYC, penalty, RBI Canonical: https://indianopinion.org/rbi-fines-amravati-district-co-op-bank-rs-50000-for-kyc-lapses/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-fines-amravati-district-co-op-bank-rs-50000-for-kyc-lapses/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.