The Reserve Bank of India (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Sardargunj Mercantile Co-operative Bank Limited, Patan, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’.

The Reserve Bank of India (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Sarvodaya Commercial Cooperative Bank Ltd., Dist. Mehsana, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Donations / Contributions for public / charitable purposes out of profits of UCBs’, ‘Financial Statements – Presentation and Disclosures’, ‘Inspection & Audit Systems in Primary (Urban) Co- operative Banks’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’, and ‘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 August 08, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Uma Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Inspection & Audit Systems in Primary (Urban) Co-operative 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.

The Reserve Bank of India (RBI) has, by an order dated August 12, 2025, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Maharashtra Gramin Bank, Aurangabad (the bank) for non-compliance with certain directions issued by National Bank for Agriculture and Rural Development (NABARD) on ‘Offsite Surveillance System – Revision

The Reserve Bank of India (RBI) has, by an order dated August 07, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Kasaragod Co-operative Town Bank Limited, Kasaragod, Kerala (the bank) for non-compliance with certain directions issued by RBI on ‘Limits on exposure to single and group borrowers / parties and large exposures and Revision in the target for priority sector lending - UCBs’, ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section

The Reserve Bank of India (RBI) has, by an order dated August 05, 2025, imposed a monetary penalty of ₹2.53 lakh (Rupees Two Lakh Fifty Three Thousand only) on The Utkal Cooperative Bank Limited, Bhubaneswar (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and certain directions issued on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’ and ‘Know Your Customer (KYC)’. This penalty has been imposed

The Reserve Bank of India (RBl) has imposed, by an order dated August 07, 2025, a monetary penalty of ₹1 lakh (Rupees One Lakh only) on District Central Co-operative Bank Ltd., Bilaspur, Chhattisgarh (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

The Reserve Bank of India (RBI) has, by an order dated August 07, 2025, imposed a monetary penalty of ₹75.00 lakh (Rupees Seventy Five Lakh only) on ICICI Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Valuation of Properties - Empanelment of Valuers’ and ‘Opening of Current Accounts by Banks – Need for discipline’. 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) of the Banking Regulation Act, 1949.