This document describes a new species of freshwater fish, Rasbora ataenia, discovered in Kerala, India. Five specimens of the cyprinid fish were found to have several distinguishing taxonomic characteristics compared to related species. The key distinguishing features of R. ataenia are its slender body without lateral color stripes, deeper head, shorter snout, 7 branched dorsal fin rays and 5 branched anal fin rays. The study provides detailed morphological measurements and comparisons showing R. ataenia is a new species warranting description and differentiation from similar Rasbora species.