भारतीय रिझर्व बँकेने दिनांक 8 फेब्रुवारी 2024, रोजीच्या आदेशाद्वारे द अंजनगाव सुर्जी नागरी सहकारी बँक लिमिटेड, अंजनगाव सुर्जी, महाराष्ट्र (बँक) वर, बँकिंग नियमन कायदा 1949 (BR कायदा) च्या कलम 56 सह लागू असलेल्या कलम 35(A)(1) आणि 36(1) अंतर्गत जारी केलेले निर्देश व विशिष्ट निर्देशांचे पालन न केल्याबद्दल ₹0.50 लाख (केवळ पन्नास हजार रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 च्या कलम 46(4)(i) आणि  कलम 56 सह लागू असलेल्या कलम 47A(1)(C) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकाराचा वापर करून  हा दंड ठोठावण्यात आला आहे.

The Reserve Bank of India (RBI) has, by an order dated January 19, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Navnirman Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. 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 (RBI) has imposed, by an order dated February 03, 2024, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Nakodar Hindu Urban Cooperative Bank Ltd., Nakodar (the bank) for non-compliance with the directions issued by RBI on Income Recognition, Asset Classification, Provisioning and Other Related Matters (IRAC Norms) and 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.

भारतीय रिझर्व बँकेने दिनांक 18 जानेवारी 2024, रोजीच्या आदेशाद्वारे द शिरपूर पीपल्स कोऑपरेटिव बँक लिमिटेड, धुळे, महाराष्ट्र (बँक) वर, भारतीय रिझर्व बँकेने प्रकटीकरण मानदंड , वैधानिक व  इतर  निर्बंध आणि बोर्ड ऑफ डायरेक्टर्स वर लावलेल्या निर्देशांचे पालन न केल्याबद्दल ₹ 2,00,000/- (केवळ दोन लाख रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 च्या कलम 46(4)( i ) आणि  कलम 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकाराचा वापर करून हा दंड ठोठावण्यात आला आहे . ही कृती नियामक अनुपालनातील कमतरतांवर आधारित आहे आणि यात बँकेने तिच्या ग्राहकांशी केलेल्या कोणत्याही व्यवहाराच्या किवा कराराच्या वैधतेवर प्रश्नचिन्ह उपस्थित करण्याचा हेतू नाही.

भारतीय रिझर्व बँकेने दिनांक 18 जानेवारी 2024 च्या आदेशाद्वारे नाशिक जिल्हा सरकारी व परिषद कर्मचारी सहकारी बँक नियमित, नाशिक, महाराष्ट्र (बँक) वर, भारतीय रिझर्व बँकेने जारी केलेल्या ‘आपला ग्राहक ओळखा’ च्या निर्देशांचे पालन न केल्याबद्दल ₹1.00 लाख (केवळ एक लाख रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 च्या कलम 46 (4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे.. हि कृती नियामक अनुपालनातील कमतरतांवर आधारित आहे आणि यामध्ये बँकेने तिच्या ग्राहकांसोबत केलेल्या कोणत्याही व्यवहारांच्या किवा करारांच्या वैध्यतेवर  प्रश्न चिन्ह उपस्थित करण्याचा हेतू नाही.

भारतीय रिझर्व बँकेने दिनांक 19 जानेवारी 2024, रोजीच्या आदेशाद्वारे जनता सहकारी बँक लिमिटेड, अमरावती, महाराष्ट्र (बँक) वर,  बँकिंग नियमन कायदा, 1949 च्या कलम 26A सह लागू असलेल्या कलम 56चे उल्लंघन केल्याबद्दल ₹50,000/- (केवळ पन्नास हजार रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 च्या कलम 46(4)(i) आणि  कलम 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकाराचा वापर करून हा दंड ठोठावण्यात आला आहे . ही कृती नियामक अनुपालनातील कमतरतांवर आधारित आहे आणि यात बँकेने तिच्या ग्राहकांशी केलेल्या कोणत्याही व्यवहाराच्या किवा कराराच्या वैधतेवर  प्रश्नचिन्ह उपस्थित करण्याचा हेतू नाही.

भारतीय रिझर्व बँकेने मुळा सहकारी बँक लिमिटेड, सोनाई , जिल्हा अहमदनगर (महाराष्ट्र) वर आर्थिक दंड ठोठावला.

भारतीय रिझर्व बँकेने दिनांक 8 जानेवारी 2024 रोजीच्या डॉ पंजाबराव देशमुख अर्बन कोऑपरेटीव  बँक   लिमिटेड, अमरावती, महाराष्ट्रा (बँक) वर,  पर्यवेक्षी कृती तत्वांतर्गत,  रिझर्व बँकेने जारी केलेल्या विशेष निर्देशांचे उल्लंघन केल्याबद्दल आणि नागरी सहकारी बॅंकांसाठी कर्जाचे व्यवस्थापन , तसेच ‘आपला  ग्राहक ओळखा ( KYC) बद्दल 2016’ च्या निर्देशांचे पालन न केल्याबद्दल ₹5.00 लाख (केवळ पाच लाख  रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 च्या कलम 46 (4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे.

भारतीय रिझर्व बँकेने 8 जानेवारी 2024 च्या आदेशाद्वारे कृषीसेवा  को-ऑपरेटीव  बँक  लिमिटेड, कोले, सोलापूर, महाराष्ट्र (बँक) वर संचालक, त्यांचे नातेवाईक आणि फर्म/संस्था ज्यामध्ये त्यांना रस आहे त्यांना कर्ज आणि अग्रिम देण्या सम्बंधिचे निर्देश जे नागरी सहकारी बैंकांचे संचालक मंडळ या सम्बंधी जारी केलेल्या निर्देशांसहीत लागू होतात तसेच  प्रकटीकरण मानदंड, वैधानिक व इतर निर्बंधांच्या संदर्भात भारतीय रिझर्व बँकेने सुपरवायझरी ॲक्शन फ्रेमवर्क (SAF) अंतर्गत जारी केलेल्या विशिष्ट निर्देशांचे उल्लंघन/पालन न केल्याबद्दल ₹50,000/- (केवळ पन्नास हजार रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 (BR कायदा) कलम 46(4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे .

The Reserve Bank of India (RBI) has, by an order dated December 26, 2023, imposed, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Patdi Nagarik Sahakari Bank Limited, Patdi, Dist. Surendranagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Donations to Trusts and Institutions where Directors, their relatives hold position or are interested’, ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

The Reserve Bank of India (RBI) has, by an order dated December 22, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Idar Nagarik Sahakari Bank Limited, Idar, Dist. Sabarkantha, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

The Reserve Bank of India (RBI) has, by an order dated December 29, 2023, imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Mehsana Nagrik Sahakari Bank Limited, Mehsana, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’, ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’ and contravention of the provisions of section 26A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act).

The Reserve Bank of India (RBI) has, by an order dated December 19, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Stambhadri Co-operative Urban Bank Ltd., Khammam, Telangana (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. 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 (RBI) has, by an order dated December 13, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Mehsana Jilla Panchayat Karmachari Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and contravention of provisions of Section 26A(2) 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 December 14, 2023 imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Navsarjan Industrial Co-operative Bank Ltd., Ankleshwar, dist. Bharuch, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and contravention of ‘Section 26A (2) 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 December 14, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Halol Urban Co-operative Bank Ltd., Panchmahal, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘(Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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 (RBI) has, by an order dated December 19, 2023, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five thousand only) on The Subramanianagar Co-operative Urban Bank Ltd., Salem, Tamil Nadu (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. 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 (AACS).

The Reserve Bank of India (RBI) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on The Co-operative Urban Bank Limited, Parlakhemundi (the bank) for non-compliance with the directions issued by RBI on ‘Membership of Credit Information Companies (CICs)’ and ‘Exposure Norms and Statutory/Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (BR Act).

The Reserve Bank of India (RBI) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Sankheda Nagarik Sahakari Bank Limited, Sankheda, Dist. Chhotaudepur, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with RBI directions on ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under 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 December 13, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Shree Bharat Co-operative Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under 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 December 08, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifteen thousand only) on The Bhuj Commercial Co-operative Bank Limited, Dist. Kachchh, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Direction, 2016’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under 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 December 13, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Limdi Urban Co-operative Bank Limited, Limdi, dist. Dahod, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

The Reserve Bank of India (RBI) has, by an order dated November 30, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The United Co-operative Bank Limited, Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under 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 November 30, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Sardargunj Mercantile Co-operative Bank Limited, Patan, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

भारतीय रिझर्व बँकेने दिनांक 7 डिसेंबर 2023 आदेशाद्वारे विद्यानंद को-ऑपरेटीव बँक लिमिटेड, सोलापूर, महाराष्ट्र (बँक) वर नागरी सहकारी बॅंकांसाठी जारी केलेल्या  प्रकटीकरण मानदंड, वैधानिक व इतर निर्बंध जे प्राथमिक (नागरी) सहकारी बँकांनी अन्य बँकेत ठेवी ठेवण्याबाबत व प्राथमिक (नागरी) सहकारी बँकांनी गुंतवणूक करणे या संदर्भात भारतीय रिझर्व बँकेने जारी केले आहेत, त्या निर्देशांचे पालन न केल्यामुळे ₹1 लाख (केवळ एक लाख रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 (BR कायदा) कलम 46(4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे.

The Reserve Bank of India (RBI) has, by an order dated December 06, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Panchsheel Mercantile Co-operative Bank Limited, Surat, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under 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 November 30, 2023, imposed a monetary penalty of ₹5,000/- Thousand (Rupees Five thousand only) on Sree Chaitanya Co-operative Bank Limited, Nabadwip, West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Membership of Credit Information Companies (CICs)’.This penalty has been imposed in exercise of powers conferred on RBI under Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies  (Regulation) Act, 2005 (CIC Act).

The Reserve Bank of India (RBI) has, by an order dated November 30, 2023, imposed a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Progressive Mercantile Co-operative Bank Limited, Ahmedabad, Gujarat (the bank) for non compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under 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 November 30, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Kutch Mercantile Co-operative Bank Limited, Rapar, Dist. Kachchh, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Policy and Practice regarding Nominal Membership’ read with RBI directions on ‘Exposure Norms and Statutory/Other Restrictions- UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under 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 November 30, 2023, imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on Shree Morbi Nagarik Sahakari Bank Limited, Morbi, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under 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 November 30, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Bhabhar Vibhag Nagarik Sahakari Bank Limited, Bhabhar, District Banaskantha, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with RBI directions on ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers conferred on RBI under 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 November 23, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Contai Co-operative Bank Ltd. (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 conferred on RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

The Reserve Bank of India (RBI) has, by an order dated November 27, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Lakhvad Nagarik Sahakari Bank Ltd., Lakhvad, Dist. Mehsana, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’, and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47 A (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 November 15, 2023, imposed a monetary penalty of ₹10,000/- (Rupees Ten thousand only) on The District Co-operative Central Bank Ltd., Mahabubnagar, Telangana (the bank) for non-compliance with the directions issued by the National Bank for Agriculture and Rural Development (NABARD) on ‘Review of Frauds – Guidelines on Monitoring and Reporting System’ read with ‘Frauds - Guidelines for Classification, Reporting and Monitoring of Frauds’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

04 डिसेंबर 2023भारतीय रिझर्व्ह बँकेने दी कोणार्क अर्बन को-ऑपरेटिव्ह बँक लिमिटेड, उल्हासनगर, महाराष्ट्र वर आर्थिक दंड ठोठावलाभारतीय रिझर्व्ह बँकेने 20 नोव्हेंबर 2023 रोजीच्या आदेशाद्वारे श्री दी कोणार्क अर्बन को- ऑपरेटिव्ह बँक लिमिटेड, उल्हासनगर, महाराष्ट्र (बँक) वर ‘ठेव खात्यांची देखभाल - प्राथमिक (शहरी) सहकारी बँका’ वरील भारतीय रिझर्व्ह बँकेच्या निर्देशांचे पालन न केल्यामुळे ₹1 लाख (केवळ एक लाख रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 (BR कायदा) कलम 46(4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व्ह बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे.ही कृती नियामक अनुपालनातील कमतरतांवर आधारित आहे आणि यामधे बँकेने तिच्या ग्राहकांसोबत केलेल्या कोणत्याही व्यवहाराच्या किंवा कराराच्या वैधतेवर प्रश्न चिन्ह उपस्थित करण्याचा हेतू नाही.

The Reserve Bank of India (RBI), by an order dated November 20, 2023, has imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shri Laxmikrupa Urban Co-operative Bank Limited, Pune (the bank) for non-compliance with RBI directions on ‘Reserve Bank of India - Know Your Customer (KYC) Direction, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949.

04 डिसेंबर 2023भारतीय रिझर्व्ह बँकेने जिजामाता महिला सहकारी बँक लिमिटेड, पुणे, महाराष्ट्र वर आर्थिक दंड ठोठावलाभारतीय रिझर्व्ह बँकेने 20 नोव्हेंबर 2023 रोजीच्या आदेशाद्वारे जिजामाता महिला सहकारी बँक लिमिटेड, पुणे, महाराष्ट्र (बँक) वर ‘रिझर्व्ह बँक ऑफ इंडिया –(तुमचा ग्राहक जाना) दिशानिर्देश, 2016’ आणि ‘अर्बन को- ऑपरेटिव्ह बँकांमधील फसवणूक: देखरेख आणि अहवाल यंत्रणेतील बदल’ वरील भारतीय रिझर्व्ह बँकेच्या निर्देशांचे पालन न केल्यामुळे ₹4 लाख (केवळ चार लाख रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 (BR कायदा) कलम 46(4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व्ह बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे.

04 डिसेंबर 2023भारतीय रिझर्व्ह बँकेने दी चेंबूर नागरिक सहकारी बँक लिमिटेड मुंबई, महाराष्ट्र वर आर्थिक दंड ठोठावलाभारतीय रिझर्व्ह बँकेने 20 नोव्हेंबर 2023 रोजीच्या आदेशाद्वारे दी चेंबूर नागरिक सहकारी बँक लिमिटेड मुंबई,महाराष्ट्र (बँक) वर ‘ठेव खात्यांची देखभाल - प्राथमिक (शहरी) सहकारी बँका’ वरील भारतीय रिझर्व्ह बँकेच्या निर्देशांचे पालन न केल्यामुळे ₹1 लाख (केवळ एक लाख रुपये) चा आर्थिक दंड ठोठावला आहे. बँकिंग नियमन कायदा, 1949 (BR कायदा) कलम 46(4)(i) आणि 56 सह लागू असलेल्या कलम 47A(1)(c) अन्वये भारतीय रिझर्व्ह बँकेला प्रदान केलेल्या अधिकारांचा वापर करून हा दंड ठोठावण्यात आला आहे.ही कृती नियामक अनुपालनातील कमतरतांवर आधारित आहे आणि यामधे बँकेने तिच्या ग्राहकांसोबत केलेल्या कोणत्याही व्यवहाराच्या किंवा कराराच्या वैधतेवर प्रश्न चिन्ह उपस्थित करण्याचा हेतू नाही.

The Reserve Bank of India (RBI) has, by an order dated October 30, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on Patan Nagarik Sahakari Bank Ltd., Patan, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to directors etc. - directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (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 November 03, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Dhrangadhra People’s Co-operative Bank Ltd., Dhrangadhra, Dist. Surendranagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (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 November 03, 2023, imposed a monetary penalty of ₹1.50 Lakh (Rupees One lakh fifty thousand only) on The Mandal Nagarik Sahakari Bank Ltd., Mandal, Dist. Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’ and ‘Co-operative Banks - Interest Rate on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (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 November 07, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Balasore Bhadrak Central Co-operative Bank Ltd., Balasore (the bank) for non-compliance with the directions issued by RBI on “Membership of Credit Information Companies (CICs)”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 25 (1) (iii) read with section 23 (4) of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Khambhat Nagarik Sahakari Bank Ltd., Khambhat, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. 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 (RBI) has imposed, by an order dated October 25, 2023, a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on Shri Mahila Sewa Sahakari Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. 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 (RBI) has imposed, by an order dated October 25, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Porbandar Vibhagiya Nagarik Sahkari Bank Ltd., Porbandar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (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.

The Reserve Bank of India (RBI) has imposed, by an order dated October 30, 2023, a monetary penalty of ₹25,000/- (Rupees Twenty-five thousand only) on The Vejalpur Nagarik Sahkari Bank Ltd., Vejalpur, dist. Panchmahal, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (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.

The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Sarvodaya Nagarik Sahakari Bank Ltd., Himmatnagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (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.

The Reserve Bank of India (RBI) has, by an order dated October 12, 2023, imposed a monetary penalty of ₹25,000/- (Rupees Twenty five thousand only) on The Pudukkottai Co-operative Town Bank Ltd., Pudukkottai, Tamil Nadu (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - 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 (AACS).

The Reserve Bank of India (RBI) has, by an order dated November 02, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on Sappers Finance and Consultancy Pvt Ltd., Kolkata (the company) for non-compliance with the directions issued by RBI on (i) ‘Requirement for obtaining prior approval of RBI in cases of acquisition/transfer of control of Non-Banking Financial Companies (NBFCs)’; and (ii) ‘Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016’ read with directions issued by RBI on ‘Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs’. 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 lndia Act, 1934

The Reserve Bank of India (RBI), by an order dated September 15, 2023, has imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Sangli Sahakari Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors-UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Background

The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection report, Risk Assessment Report and all correspondence thereto revealed, inter alia, that the bank had renewed a loan given to a relative of one of its directors. Subsequently, 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, as stated therein.

After considering the bank’s reply to the notice, RBI came to the conclusion that the charge of non-compliance with the aforesaid directions issued by RBI was substantiated and warranted imposition of monetary penalty on the bank.

(Yogesh Dayal)      
Chief General Manager

Press Release: 2023-2024/1321