The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2023, a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on The Utkal Cooperative Bank Ltd. (the bank) for contravention of/ non-compliance with the directions issued by Reserve Bank of India (RBI) on (i) Exposure Norms and Statutory/Other Restrictions-UCBs and (ii) specific directions issued under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers

The Reserve Bank of India (RBI) has imposed, by an order dated January 23, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Ilkal Co-operative Bank Ltd., Ilkal, Karnataka (the bank) for non-adherence / violation of directions issued on Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46

23 जानेवारी 2023 भारतीय रिजर्व बँकेने समर्थ सहकारी बँक लिमिटेड, सोलापूर (महाराष्ट्र) वर आर्थिक दंड ठोठावला भारतीय रिजर्व बँकेने दिनांक १६ जानेवारी २०२३ च्या आदेशाद्वारे समर्थ सहकारी बँक लिमिटेड, सोलापूर (बँक) वर भारतीय रिजर्व बँकेने, नागरी सहकारी बँकासाठी, उत्पन्नाची ओळख आणि मालमत्तेचे वर्गीकरण (आय आर ए सी) या संदर्भात जारी केलेल्या निर्देशांचे उल्लंघन / पालन न केल्याबद्दल ₹१,५०,०००/- (केवळ एक लाख पन्नास हजार रुपये) चा दंड ठोठावला आहे. उपरोक्त निर्देशांचे पालन करण्यास