# RBI fines Utsav Securities Rs 3.90 lakh, cooperative bank 2026-08-06T15:47:28+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India imposed monetary penalties on two entities for regulatory lapses. Utsav Securities Limited was fined Rs 3.90 lakh for governance failures and failing to submit credit data to Credit Information Companies. A cooperative bank was also penalised (amount undisclosed) for not uploading KYC records to the Central KYC Registry within the timeline and offering deposit rates above State Bank of India rates, violating directions under the Supervisory Action Framework. Both penalties, announced on August 3, 2026, follow inspections with reference to March 31, 2025 positions. RBI said the actions are based on compliance deficiencies and do not invalidate transactions with customers. ## Coverage - rbi.org.in - rbi.org.in Tags: banking regulation, Co-operative banks, KYC, Maharashtra, RBI Canonical: https://indianopinion.org/rbi-fines-latur-co-operative-bank-rs-40000-for-compliance-failures/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-fines-latur-co-operative-bank-rs-40000-for-compliance-failures/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.