The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mikhael Capitalize Pvt. Ltd., Kerala (the company) for non-compliance with certain provisions of ‘Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 ’ read with ‘Master Direction- Reserve Bank of India (Non- Banking Financial Company-Scale Based Regulation) Directions, 2023 ’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Ac

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Kerala Mercantile Co-operative Bank Ltd., Kozhikode, Kerala (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’. 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 Banking Regulation Act, 1949.

ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ (ಆರ್ ಬಿ ಐ) ತನ್ನ ಮಾರ್ಚ್ 25, 2025 ರ ಆದೇಶದ ಮೂಲಕ ‘ಮೇಲ್ವಿಚಾರಣಾ ಕ್ರಿಯಾ ಚೌಕಟ್ಟು (SAF)’ ಅಡಿಯಲ್ಲಿ ನೀಡಿದ ನಿರ್ದಿಷ್ಟ ನಿರ್ದೇಶನಗಳ ಅನುಪಾಲನೆ ಮಾಡದೇ ಇದ್ದುದಕ್ಕಾಗಿ ತುಮಕೂರು ವೀರಶೈವ ಸಹಕಾರ ಬ್ಯಾಂಕ್ ನಿಯಮಿತ, ಕರ್ನಾಟಕ - ಈ ಬ್ಯಾಂಕಿಗೆ (ಬ್ಯಾಂಕು) ರೂ. 50,000/- ( ರೂ. ಐವತ್ತು ಸಾವಿರ ಮಾತ್ರ ) ವಿತ್ತೀಯ ದಂಡ ವಿಧಿಸಿದೆ. ಬ್ಯಾಂಕಿಂಗ್ ನಿಯಂತ್ರಣ ಅಧಿನಿಯಮ 1949 ರ ಕಲಂ 47 ಏ(1)(ಸಿ ) ಜೊತೆ ಓದಲಾದ ಕಲಂ 46(4) (i) ಮತ್ತು 56 ರ ಅಡಿಯಲ್ಲಿ ಭಾರತೀಯ

The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Bagalkot District Central Co-operative Bank Ltd., Bagalkot, Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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.

ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ (ಆರ್ ಬಿ ಐ) ತನ್ನ ಮಾರ್ಚ್ 25, 2025 ರ ಆದೇಶದ ಮೂಲಕ ಶ್ರೀ ಗಣೇಶ್ ಸಹಕಾರ ಬ್ಯಾಂಕ್ ನಿಯಮಿತ, ಗುಲ್ಬರ್ಗ, ಕರ್ನಾಟಕ - ಈ ಬ್ಯಾಂಕಿಗೆ (ಬ್ಯಾಂಕು) ರೂ. 2.50 ಲಕ್ಷ ( ರೂ. ಎರಡು ಲಕ್ಷ ಐವತ್ತು ಸಾವಿರ ಮಾತ್ರ ) ವಿತ್ತೀಯ ದಂಡ ವಿಧಿಸಿದೆ. ‘ಅನಾವರಣ ಮಾನದಂಡಗಳು ಮತ್ತು ಶಾಸನಬದ್ಧ /ಇತರ ನಿರ್ಬಂಧಗಳು - ಪೌರ ಸಹಕಾರಿ ಬ್ಯಾಂಕುಗಳು’ ಮತ್ತು ‘ಪೌರ ಸಹಕಾರಿ ಬ್ಯಾಂಕುಗಳ ಲಾಭದಿಂದ ದೇಣಿಗೆಗಳು, ಕೊಡುಗೆಗಳು/ಸಾರ್ವಜನಿಕ ಧರ್ಮಾರ್ಥ ಉದ್ದೇಶಗಳು’ – ಕುರಿತಾಗಿ ನೀಡಿದ್ದ

ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ (ಆರ್ ಬಿ ಐ) ತನ್ನ ಮಾರ್ಚ್ 18, 2025 ರ ಆದೇಶದ ಮೂಲಕ ದಿ ಕರ್ನಾಟಕ ಕೋ-ಆಪರೇಟಿವ್ ಬ್ಯಾಂಕ್ ಲಿಮಿಟೆಡ್, ಮುದ್ದೇಬಿಹಾಳ, ಕರ್ನಾಟಕ - ಈ ಬ್ಯಾಂಕಿಗೆ (ಬ್ಯಾಂಕು) ‘ಆದ್ಯತಾ ವಲಯಕ್ಕೆ ಸಾಲ ನೀಡಿಕೆ (PSL) - ಗುರಿಗಳು ಮತ್ತು ವರ್ಗೀಕರಣ’- ಈ ವಿಷಯದಲ್ಲಿ ನೀಡಿದ ಕೆಲವು ನಿರ್ದೇಶನಗಳ ಅನುಪಾಲನೆ ಮಾಡದೇ ಇದ್ದುದಕ್ಕಾಗಿ ಮತ್ತು ಆದ್ಯತಾ ವಲಯಕ್ಕೆ ಸಾಲ ನೀಡಿಕೆಯಲ್ಲಿನ ಸಾಧನೆಯ ಕೊರತೆ ತುಂಬಲು ಕಿರು ಮತ್ತು ಸಣ್ಣ ಉದ್ಯಮಗಳ ರಿಫೈನಾನ್ಸ್ ನಿಧಿಗೆ (MSE Refinance fund) ಕೊಡುಗೆ ನೀಡಲು ನೀಡಿದ ನಿರ್ದಿಷ್ಟ ನಿರ್ದೇಶನದ ಅನುಪಾಲನೆ ಮಾಡದೆ ಇದ್ದುದಕ್ಕಾಗಿ ರೂ. 5.00 ಲಕ್ಷ ( ರೂ. ಐದು ಲಕ್ಷ ಮಾತ್ರ ) ವಿತ್ತೀಯ ದಂಡ ವಿಧಿಸಿದೆ. ಬ್ಯಾಂಕಿಂಗ್ ನಿಯಂತ್ರಣ ಅಧಿನಿಯಮ 1949 ರ ಕಲಂ 47 ಎ (1) (ಸಿ ) ಜೊತೆ ಓದಲಾದ ಕಲಂ 46(4) (i) ಮತ್ತು 56 ರ ಅಡಿಯಲ್ಲಿ ತನಗೆ ಪ್ರದತ್ತವಾದ ಅಧಿಕಾರವನ್ನು ಚಲಾಯಿಸಿ ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಈ ದಂಡವನ್ನು ವಿಧಿಸಿದೆ.

The Reserve Bank of India (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Karaikudi Co-operative Town Bank Ltd., Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’.

The Reserve Bank of India (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on The Karimnagar Co-operative Urban Bank Ltd., Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’ and specific directions issued by RBI on making contribution to Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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 Ban

The Reserve Bank of India (RBI) has, by an order dated March 18, 2025, imposed a monetary penalty of ₹1.20 lakh (Rupees One Lakh Twenty Thousand only) on Sreenivasa Padmavathi Co-operative Urban Bank Ltd., Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) - Targets and Classification’  and specific directions issued by RBI on making contribution to Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. 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 Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has, by an order dated March 13, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Janata Sahakari Bank Ltd., Gondia, Maharashtra (the bank) for contravention of the 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 conferred on RBI 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 March 03, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Vanchinad Finance Pvt. Ltd., Ernakulam, Kerala (the company) for non-compliance with certain provisions of ‘Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 ’ read with ‘Master Direction - Reserve Bank of India (Non-Banking Financial Company-Scale Based Regulation) Directions, 2023’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated March 03, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The A.P. Raja Rajeswari Mahila Co-operative Urban Bank Ltd., Hyderabad (the bank) for non-compliance with certain directions issued by RBI on ‘Management of Advances – UCBs’. 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 Banking Regulation Act, 1949.

ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ (ಆರ್ ಬಿ ಐ) ತನ್ನ ಮಾರ್ಚ್ 3, 2025 ರ ಆದೇಶದ ಮೂಲಕ ಶ್ರೀ ಬಸವೇಶ್ವರ ಸಹಕಾರ ಬ್ಯಾಂಕ್ ನಿಯಮಿತ, ಗುಲ್ಬರ್ಗ ಕರ್ನಾಟಕ - ಈ ಬ್ಯಾಂಕಿಗೆ (ಬ್ಯಾಂಕು) ರೂ. 2.00 ಲಕ್ಷ ( ರೂ. ಎರಡು ಲಕ್ಷ ಮಾತ್ರ ) ವಿತ್ತೀಯ ದಂಡ ವಿಧಿಸಿದೆ. ‘ಅನಾವರಣ ಮಾನದಂಡಗಳು ಮತ್ತು ಶಾಸನಬದ್ಧ /ಇತರ ನಿರ್ಬಂಧಗಳು - ಪೌರ ಸಹಕಾರಿ ಬ್ಯಾಂಕುಗಳು’, ‘ಪೌರ ಸಹಕಾರಿ ಬ್ಯಾಂಕುಗಳ ಲಾಭದಿಂದ ದೇಣಿಗೆಗಳು, ಕೊಡುಗೆಗಳು/ಸಾರ್ವಜನಿಕ ಧರ್ಮಾರ್ಥ ಉದ್ದೇಶಗಳು’ ಮತ್ತು ‘ನಿಮ್ಮ ಗ್ರಾಹಕರನ್ನು ತಿಳಿಯಿರಿ’ (KYC) ಕುರಿತಾಗಿ ನೀಡಿದ್ದ ಕೆಲವು ಆರ್ ಬಿ ಐ ನಿರ್ದೇಶನಗಳ ಅನುಪಾಲನೆ ಮಾಡದೇ ಇದ್ದುದಕ್ಕಾಗಿ ಬ್ಯಾಂಕಿಂಗ್ ನಿಯಂತ್ರಣ ಅಧಿನಿಯಮ 1949 ರ ಕಲಂ 47 ಏ(1)(ಸಿ ) ಜೊತೆ ಓದಲಾದ ಕಲಂ 46(4) (i) ಮತ್ತು 56 ರ ಅಡಿಯಲ್ಲಿ ತನಗೆ ಪ್ರದತ್ತವಾದ ಅಧಿಕಾರವನ್ನು ಚಲಾಯಿಸಿ ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಈ ದಂಡವನ್ನು ವಿಧಿಸಿದೆ.

The Reserve Bank of India (RBI) has, by an order dated February 24, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Business Co-operative Bank Ltd., Nashik, Maharashtra (the bank) for contravention of the 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 conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

ಬ್ಯಾಂಕಿಂಗ್ ನಿಯಂತ್ರಣ ಅಧಿನಿಯಮ 1949 ರ ಕಲಂ 27(3) ರ ಜೊತೆ ಓದಲಾದ ಕಲಂ 56 ರ ನಿಬಂಧನೆಗಳ ಉಲ್ಲಂಘನೆಗಾಗಿ ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ (ಆರ್ ಬಿ ಐ) ತನ್ನ ಫೆಬ್ರವರಿ 18, 2025 ರ ಆದೇಶದ ಮೂಲಕ ದಿ ಗುಲ್ಬರ್ಗ ಮತ್ತು ಯಾದಗೀರ್ ಜಿಲ್ಲಾ ಸಹಕಾರಿ ಕೇಂದ್ರ ಬ್ಯಾಂಕ್ ನಿಯಮಿತ, ಕರ್ನಾಟಕ - ಈ ಬ್ಯಾಂಕಿಗೆ (ಬ್ಯಾಂಕು) ‘ಆಫ್ ಸೈಟ್ ಕಣ್ಗಾವಲು ವ್ಯವಸ್ಥೆ

The Reserve Bank of India (RBI) has, by an order dated February 18, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Guntur District Co-operative Central Bank Ltd., Andhra Pradesh (the bank) for contravention of provisions of Section 31 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). 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.

The Reserve Bank of India (RBI) has, by an order dated February 19, 2025, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on Mahila Sahakari Bank Ltd., Dist. Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ . 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 Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has, by an order dated February 13, 2025, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on The Dhule and Nandurbar District Central Co-operative Bank Ltd., Dhule, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25 of the Credit Information Companies (Regulation) Act, 2005.