The Reserve Bank of India imposed a ₹1.8 lakh penalty on Canara Bank for failing to upload certain customer KYC records to the Central KYC Records Registry on time.
The penalty was imposed after a supervisory evaluation
Jun 06, 2026
04:48 pm
What's the storyThe Reserve Bank of India (RBI) has imposed a penalty of ₹41.8 lakh on Canara Bank for violating Know Your Customer (KYC) norms and account classification errors.
The penalty was imposed after a supervisory evaluation of the bank's financial position as of March 31, 2025.
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