The Reserve Bank of India (RBI) on 31 March 2015 imposed a monetary penalty of five lakh rupees on 16 Central Co-operative Banks (CCBs).
The penalty was imposed for non-adherence of the Know Your Customer (KYC) and Anti-Money Laundering guidelines
The 16 co-operative banks on which the penalty was imposed are:
| Sr. No. | Name of the Bank | Location |
| 1. | The Dumka Central Co-operative Bank Ltd. | Dumka (Jharkhand) |
| 2. | The Gumla Simdega Central Co-operative Bank Ltd. | Jharkhand |
| 3. | The Dhanbad Central Co-operative Bank Ltd. | Jharkhand |
| 4. | The Rewari Central Co-operative Bank Ltd. | Rewari (Haryana) |
| 5. | The Mansa Central Co-operative Bank Ltd. | Mansa (Punjab) |
| 6. | The Jind Central Co-operative Bank Ltd. | Haryana |
| 7. | The Gopalganj Central Co-operative Bank Ltd. | Gopalganj (Bihar) |
| 8. | Ajmer Central Co-operative Bank Ltd. | Ajmer (Rajasthan) |
| 9. | Hanumangarh Kendriya Sahakari Bank Ltd. | Rajasthan |
| 10. | The Central Co-operative Bank Ltd. | Bikaner (Rajasthan) |
| 11. | The Sirohi Central Co-operative Bank Ltd. | Sirohi (Rajasthan) |
| 12. | The Bundi Central Co-operative Bank Ltd. | Bundi (Rajasthan) |
| 13. | The Boudh Co-operative Central Bank Ltd. | Odisha |
| 14. | Bhawanipatna Central Co-operative Bank | Odisha |
| 15. | Cuttack Central Co-operative Bank Ltd. | Odisha |
| 16. | The Sambalpur District Co-operative Central Bank Ltd. | Odisha |
The penalties were imposed on these co-operative banks in exercise of powers vested in RBI under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards.
