Enforcement

The Reserve Bank of India (RBI) has, by an order dated September 23, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Tamil Nadu Circle Postal Co-operative Bank Ltd., Tamil Nadu (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.

The Reserve Bank of India (RBI) has, by an order dated September 23, 2025, imposed a monetary penalty of ₹10 lakh (Rupees Ten Lakh only) on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Marketing / Distribution of Mutual Fund / Insurance Products by Urban Cooperative Banks’. 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.