The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on Tirumangalam Co-operative Urban Bank Ltd., Tirumangalam, Tamil Nadu (the bank) for non-compliance with RBI directions on ‘Board of Directors - UCBs’ read with ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹75,000/- (Rupees Seventy Five thousand only) on The Rajapalayam Co-operative Urban Bank Ltd., Rajapalayam, Tamil Nadu (the bank) for non-compliance with RBI directions on ‘Board of Directors - UCBs’ read with ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’ and ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A (1) (c) read with section 46(4)(i) and section 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 19, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Howrah District Central Co-operative Bank Ltd., Howrah (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A (1) (c) read with sections 46(4) (i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

The Reserve Bank of India (RBl) has imposed, by an order dated March 19, 2024, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Standard Urban Co-operative Bank Ltd., Aurangabad (the bank), for contravention of provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated February 28, 2024, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on The Dindigul Urban Co-operative Bank Ltd., Dindigul, Tamil Nadu (the bank) for non-compliance with certain provisions of RBI directions on ‘Exposure Norms and Statutory/ Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

‘”ವಂಚನೆಗಳು -ವರ್ಗೀಕರಣ, ವರದಿ ಸಲ್ಲಿಸುವಿಕೆ ಮತ್ತು ನಿಗಾ ವಹಿಸುವಿಕೆ ಬಗ್ಗೆ ಮಾರ್ಗದರ್ಶಿ ಸೂತ್ರಗಳು” ಇದರ ಬಗ್ಗೆ ರಾಷ್ಟ್ರೀಯ ಕೃಷಿ ಮತ್ತು ಗ್ರಾಮೀಣ ಅಭಿವೃದ್ದಿ ಬ್ಯಾಂಕ್ (ನಬಾರ್ಡ್) ನೀಡಿದ ನಿರ್ದೇಶನಗಳನ್ನು ಚಿಕ್ಕಮಗಳೂರು ಜಿಲ್ಲಾ ಸಹಕಾರ ಕೇಂದ್ರ ಬ್ಯಾಂಕ್ ನಿಯಮಿತ., ಚಿಕ್ಕಮಗಳೂರು , ಕರ್ನಾಟಕ (ಬ್ಯಾಂಕ್) ಪಾಲಿಸದೇ ಇದ್ದ ಕಾರಣಕ್ಕಾಗಿ ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ (ಆರ್ ಬಿ ಐ), ದಿನಾಂಕ 28 ಫೆಬ್ರವರಿ, 2024 ರಂದು ನೀಡಿದ ತನ್ನ ಆದೇಶದ ಮೂಲಕ ಮೇಲಿನ ಬ್ಯಾಂಕಿಗೆ ರೂ. 50,000/- (ಐವತ್ತು ಸಾವಿರ ರೂಪಾಯಿಗಳು ಮಾತ್ರ) ವಿತ್ತೀಯ ದಂಡವನ್ನು ವಿಧಿಸಿದೆ. ಆರ್ ಬಿ ಐ ಗೆ ಬ್ಯಾಂಕಿಂಗ್ ನಿಯಂತ್ರಣ ಕಾಯಿದೆ 1949 ರ ಪ್ರಕರಣ 47 A(1) (c) ರ ಜೊತೆ ಓದಿಕೊಂಡ ಪ್ರಕರಣ 46(4) (i) ಮತ್ತು 56 ರ ಷರತ್ತುಗಳ ಅನ್ವಯ ಪ್ರದತ್ತವಾಗಿರುವ ಅಧಿಕಾರವನ್ನು ಚಲಾಯಿಸಿ ಈ ವಿತ್ತೀಯ ದಂಡವನ್ನು ವಿಧಿಸಲಾಗಿದೆ.

The Reserve Bank of India (RBI) has, by an order dated February 27, 2024 imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Janata Co-operative Bank Limited, Malegaon, Nashik, Maharashtra (the bank) for non-compliance with RBI directions on ‘Management of Advances-UCBs’ and ‘Exposure Norms and Statutory/Other Restrictions- UCBs’. This penalty has been imposed in exercise of powers vested in RBI, conferred under provisions of section 47 A (1) (c) read with section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated February 22, 2024, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Solapur District Central Co-operative Bank Limited, Solapur, Maharashtra (the bank) for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) and the directions issued by RBI on the Depositor Education and Awareness Fund. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.

ಆರ್ ಬಿ ಐ ನ “ ಪಟ್ಟಣ ಸಹಕಾರಿ ಬ್ಯಾಂಕ್ ಗಳಲ್ಲಿ ವಂಚನೆಗಳು : ಉಸ್ತುವಾರಿ ಮತ್ತು ವರದಿ ಸಲ್ಲಿಕೆ ವಿಧಾನ” ಹಾಗೂ “ ವಂಚನೆಗಳು - ವರ್ಗೀಕರಣ ಮತ್ತು ವರದಿ ಸಲ್ಲಿಕೆ ಬಗ್ಗೆ ಪ್ರಧಾನ ಸುತ್ತೋಲೆ “ ಬಗ್ಗೆ ಮತ್ತು “ XBRL- FMR ಸಲ್ಲಿಕೆ ಬಗ್ಗೆ ವಂಚನೆಗಳ ವರದಿ ಸಲ್ಲಿಕೆ, FMR 2 ರ ಕೈ ಬಿಡುವಿಕೆ ಮತ್ತು FMR -3 ರ ಆರಂಭ “ ಇವುಗಳ ಕುರಿತಾದ ಆರ್ ಬಿ ಐ ನ ನಿರ್ದೇಶನಗಳ ಪ್ರಕಾರ ಫೆಬ್ರವರಿ 14, 2024 ರ ತನ್ನ ಆದೇಶದಂತೆ ಹನಮಸಾಗರ ಅರ್ಬನ್ ಕೋ-ಆಪರೇಟಿವ್ ಬ್ಯಾಂಕ್ ಲಿ. ಹನಮಸಾಗರ, ಕರ್ನಾಟಕ ಇದರ ಮೇಲೆ ರೂ.50,000/ ( ರೂ. ಐವತ್ತು ಸಾವಿರ ) ವಿತ್ತೀಯ ದಂಡವನ್ನು ವಿಧಿಸಿದೆ. ಈ ದಂಡವನ್ನು ಬ್ಯಾಂಕಿಂಗ್ ನಿಯಂತ್ರಣ ಕಾಯ್ದೆ 1949 ರ 46(4)(i), 56 ಹಾಗೂ 47A(1)(c) ಕಲಂ ಗಳಲ್ಲಿ ಆರ್ ಬಿ ಐ ಗೆ ದತ್ತವಾದ ಅಧಿಕಾರವನ್ನು ಬಳಸಿ ವಿಧಿಸಲಾಗಿದೆ.