ریزرو بینک آف انڈیا (آر بی آئی) نے 28 فروری، 2024 کے ایک حکم کے ذریعے راجپالیم کوآپریٹو اربن بینک لمیٹڈ، راجاپالیم، تمل ناڈو (بینک) پر 'بورڈ آف ڈائریکٹرز - یو سی بیز' کو 'ڈائریکٹرز،ان کے رشتہ داروں اور فرموں / خدشات جن میں وہ دلچسپی رکھتے ہیں' اور 'ایکسپوزر اصول اور قانونی / دیگر پابندیاں - یو سی بی'کے بارے میں آر بی آئی کی ہدایات پر عمل نہ کرنے پر 75,000/-روپے (صرف 75 ہزار روپے) کا مالی جرمانہ عائد کیا ہے۔ ۔ یہ جرمانہ آر بی آئی کو حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے، جو بینکنگ ریگولیشن ایکٹ، 1949 کی دفعہ 47 A (1) (C) اور دفعہ 46 (4) (i) اور دفعہ 56 کے تحت دیا گیا ہے۔.

ریزرو بینک آف انڈیا (آر بی آئی) نے 19 مارچ، 2024 کے ایک حکم کے ذریعے ہاوڑہ ڈسٹرکٹ سینٹرل کوآپریٹو بینک لمیٹڈ، ہاوڑہ (بینک) پر جوآر بی آئی کی جانب سے 'اپنے کسٹمر کو جانیں (KYC) ہدایات، 2016' پر عمل نہ کرنے پر1.00لاکھ روپے (صرف ایک لاکھ روپے) کا مالی جرمانہ عائد کیا ہے۔ یہ جرمانہ آر بی آئی کو حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے ، جو بینکنگ ریگولیشن ایکٹ ، 1949 کی دفعہ 46 (4) (i) اور 56 کے ساتھ دفعہ 47 A (1) (C) کے تحت دیا گیا ہے۔.

ریزرو بینک آف انڈیا (آر بی آئی) نے 19 مارچ، 2024 کے ایک حکم کے ذریعے اسٹینڈرڈ اربن کوآپریٹو بینک لمیٹڈ، اورنگ آباد (بینک) پر بینکنگ ریگولیشن ایکٹ، 1949 (بی آر ایکٹ) کی دفعہ 56 A کی دفعات کی خلاف ورزی پر 50,000/- روپے (صرف پچاس ہزار روپے) کا مالی جرمانہ عائد کیا ہے۔ یہ جرمانہ آر بی آئی کو تفویض کردہ اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے ، جو بی آر ایکٹ کی دفعہ 47 A (1) (C) اور دفعہ 46 (4) (i) اور 56 کے تحت دیا گیا ہے۔.

ریزرو بینک آف انڈیا (آر بی آئی) نے 28 فروری، 2024 کے ایک حکم کے ذریعے ڈنڈیگل اربن کوآپریٹو بینک لمیٹڈ، ڈنڈیگل، تمل ناڈو (بینک) پر'ایکسپوزر اصولوں اور قانونی / دیگر پابندیاں - یو سی بی' کے بارے میں آر بی آئی کی ہدایات کی کچھ دفعات پر عمل نہ کرنے پر 25,000/- روپے (صرف 25 ہزار روپے) کا مالی جرمانہ عائد کیا ہے ۔ یہ جرمانہ آر بی آئی کو حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے ، جو بینکنگ ریگولیشن ایکٹ ، 1949 کی دفعہ 46 (4) (i) اور 56 کے ساتھ دفعہ 47 A (1) (C) کی دفعات کے تحت دیا گیا ہے۔

ریزرو بینک آف انڈیا (آر بی آئی) نے 28 فروری، 2024 کے ایک حکم کے ذریعے چکمگلورو ڈسٹرکٹ کوآپریٹو سینٹرل بینک لمیٹڈ، چکمگلورو، کرناٹک (بینک) پر نیشنل بینک فار ایگریکلچر اینڈ رورل ڈیولپمنٹ (NABARD) کی طرف سے جاری کردہ ہدایات 'دھوکہ دہی- درجہ بندی، رپورٹنگ اور رہنما اصول نگرانی' پر عمل نہ کرنے کے لئے 50,000/-روپے (صرف پچاس ہزار روپے) کا مالی جرمانہ عائد کیا ہے۔. یہ جرمانہ آر بی آئی کو حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے ، جو بینکنگ ریگولیشن ایکٹ ، 1949 کی دفعہ 46 (4) (i) اور 56 کے ساتھ دفعہ 47 A (1) (C) کی دفعات کے تحت دیا گیا ہے۔

ریزرو بینک آف انڈیا (آر بی آئی) نے 27 فروری، 2024 کے ایک حکم کے ذریعے جنتا کوآپریٹو بینک لمیٹڈ، مالیگاؤں، ناسک، مہاراشٹر (بینک) پر 'ایڈوانسز-یو سی بیز کے انتظام' اور 'ایکسپوزر قواعد اور قانونی / دیگر پابندیوں- یو سی بی' سے متعلق آر بی آئی کی ہدایات پر عمل نہ کرنے پر 5.00 لاکھ روپے (صرف پانچ لاکھ روپے) کا مالی جرمانہ عائد کیا ہے۔ یہ جرمانہ آر بی آئی کو حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے، جو بینکنگ ریگولیشن ایکٹ، 1949 کی دفعہ 47 A (1) (C) اور دفعہ 46 (4) (i) اور دفعہ 56 کے تحت دیا گیا ہے۔.

ریزرو بینک آف انڈیا (آر بی آئی) نے 22 فروری، 2024 کے ایک حکم کے ذریعے سولاپور ڈسٹرکٹ سینٹرل کوآپریٹو بینک لمیٹڈ، سولاپور، مہاراشٹر (بینک) پر بینکنگ ریگولیشن ایکٹ، 1949 (بی آر ایکٹ) کی دفعہ 56 اور ڈپازٹر ایجوکیشن اینڈ فنڈ بیداری پر آر بی آئی کی طرف سے جاری ہدایات کی دفعہ 26 A کی دفعات کی خلاف ورزی کرنے پر 5.00 لاکھ روپے (صرف پانچ لاکھ روپے) کا مالی جرمانہ عائد کیا ہے۔ یہ جرمانہ آر بی آئی کو بی آر ایکٹ کی دفعہ 47 A (1) (c) اور دفعہ 46 (4) (i) اور 56 کی دفعات کے تحت تفویض اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے۔

ریزرو بینک آف انڈیا (آر بی آئی) نے 14 فروری 2024 کے ایک حکم کے ذریعے ہنما ساگر اربن کوآپریٹو بینک لمیٹڈ، ہنما ساگر، کرناٹک (بینک) پر "یو سی بی میں دھوکہ دہی: نگرانی اور رپورٹنگ میکانزم میں تبدیلی" کے بارے میں آر بی آئی کی طرف سے جاری ہدایات کے ساتھ طریقہ کار کو "فراڈ کی درجہ بندی اور رپورٹنگ پر ماسٹر سرکلر"اور ایکس بی آر ایل-ایف ایم آر جمع کرانے پر دھوکہ دہی کی رپورٹنگ،ایف ایم آر -2 کی بندش اور ایف ایم آر-3 کا تعارف پر عمل نہ کرنے پر 50,000/-روپے (صرف پچاس ہزار روپے) کا مالی جرمانہ عائد کیا ہے۔ یہ جرمانہ آر بی آئی کو بینکنگ ریگولیشن ایکٹ 1949 کی دفعہ 46 (4) (i) اور 56 کے ساتھ دفعہ 47 A (1) (c) کے تحت حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے۔.

ریزرو بینک آف انڈیا (آر بی آئی) نے 13 فروری، 2024 کے ایک حکم کے ذریعے، جن سیوا کوآپریٹو بینک لمیٹڈ، ناسک، مہاراشٹر (بینک) پر آر بی آئی کی جانب سے جاری کردہ 'ڈائریکٹرز، رشتہ داروں اور فرموں/ خدشات کے لیے قرض اور ایڈوانسز' جس میں وہ دلچسپی رکھتے ہیں' کے ساتھ 'قرضے اور ڈائریکٹرز کو ایڈوانسز وغیرہ- ڈائریکٹرز کے طور پر ضمانت / ضمانت دینے والے - وضاحت' پر عمل نہ کرنے پر 50,000/- روپے (صرف پچاس ہزار روپے) کا مالی جرمانہ عائد کیا ہے. یہ جرمانہ آر بی آئی کو بینکنگ ریگولیشن ایکٹ 1949 کی دفعہ 46 (4) (i) اور 56 کے ساتھ دفعہ 47 A (1) (c) کے تحت حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے۔.

ریزرو بینک آف انڈیا (آر بی آئی) نے 13 فروری 2024 کے ایک حکم کے ذریعے آدی ناتھ کوآپریٹو بینک لمیٹڈ، ضلع سورت، گجرات (بینک) پرآر بی آئی کی جانب سے جاری کردہ ہدایات ڈپازٹس کی تعیناتی کے بارے میں پرائمری (اربن) کوآپریٹو بینکوں (یو سی بی) کے ذریعہ دیگر بینک پر عمل نہ کرنے پر ' 1.50 لاکھ روپے (ایک لاکھ پچاس ہزار روپے) مالیاتی جرمانہ عائد کیا ہے۔ ۔ یہ جرمانہ دفعہ 47A (c) (i) آر بی آئی کو بینکنگ ریگولیشن ایکٹ 1949 کی دفعہ 46 (4) (i) اور 56 کے تحت حاصل اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے۔

ریزرو بینک آف انڈیا (آر بی آئی) نے 8 فروری، 2024 کے ایک حکم کے ذریعہ پساد اربن کوآپریٹو بینک لمیٹڈ، پساد، مہاراشٹر (بینک) پر آر بی آئی کی جانب سے 'آمدنی کی شناخت، اثاثہ جات کی شناخت' درجہ بندی، فراہمی اور دیگر متعلقہ معاملات - یو سی بی' کے بارے میں جاری ہدایات پر عمل نہ کرنے پر ڈھائی لاکھ روپے (صرف دو لاکھ پچاس ہزار روپے) کا جرمانہ عائد کیا گیا۔ یہ جرمانہ بینکنگ ریگولیشن ایکٹ 1949 کی دفعہ 46 (4) (i) اور 56 کے ساتھ دفعہ 47 A (1) (C) کے تحت آر بی آئی کو دیئے گئے اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے۔

ریزرو بینک آف انڈیا (آر بی آئی) نے 08 فروری 2024 کے ایک حکم کے ذریعے بینکنگ ریگولیشن ایکٹ کی دفعہ 35 (A) (1) اور 36 (1) بالترتیب 1949 (بی آر ایکٹ) کے تحت آر بی آئی کی طرف سے جاری کردہ ہدایات اور مخصوص ہدایات کی خلاف ورزی کرنے پر انجن گاؤں سرجی نگری کوآپریٹو بینک لمیٹڈ، انجن گاؤں سورجی، مہاراشٹر (بینک) پر 0.50 لاکھ روپے (صرف پچاس ہزار روپے) کا جرمانہ عائد کیا ہے۔ یہ جرمانہ آر بی آئی کو دفعہ 47 A (1) (c) اور بی آر ایکٹ کی دفعہ 46 (4) (i) اور 56 کی دفعات کے تحت حاصل کردہ اختیارات کا استعمال کرتے ہوئے عائد کیا گیا ہے۔

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.

The Reserve Bank of India (RBl) has imposed, by an order dated January 18, 2024, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Shirpur Peoples Co-operative Bank Ltd., Dhule (Maharashtra) (the bank) for non-compliance with directions issued by RBI on Exposure Norms & Statutory Other Restrictions- UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of 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 (RBl) has imposed, by an order dated January 18, 2024, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Nashik Zilha Sarkari & Parishad Karmachari Sahakari Bank Niyamit, Nashik (Maharashtra) (the bank) for non-compliance with 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 January 19, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Janata Sahakari Bank Limited, Amravati (the bank) for contravention of provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act).

The Reserve Bank of India (RBl) has, by an order dated January 08, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Mula Sahakari Bank Ltd., Sonai, Dist. Ahmednagar (Maharashtra) (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - 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 (RBl) has, by an order dated January 08, 2024,imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Dr. Panjabrao Deshmukh Urban Co-operative Bank Limited, Amravati, Maharashtra (the bank) for contravention of specific directions issued by RBI under Supervisory Action Framework (SAF), and non-compliance with the RBI Directions on ‘Management of Advances-UCBs’ and ‘Know Your Customer (KYC) 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 (RBl) has, by an order dated January 08, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Krushiseva Urban Co-operative Bank Limited, Kole, Solapur, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, their relatives and firms/concerns in which they are interested’ read with RBI directions on ‘Board of Directors - UCBs’ and ‘Exposure Norms and Statutory/Other Restrictions – UCBs’  and for contravention of specific directions issued by RBI under the Supervisory Action Framework (SAF). 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 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.

The Reserve Bank of India (RBl) has, by an order dated December 07, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Vidyanand Co-operative Bank Limited, Solapur, Maharashtra (the bank), for non-compliance with the directions issued by RBI on ‘Exposure Norms & Statutory/Other Restrictions - UCBs’ read with RBI directions on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Investments by Primary (Urban) Co-operative Banks’. 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 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.

The Reserve Bank of India (RBI) has, by an order dated November 20, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Konark Urban Cooperative Bank Ltd., Ulhasnagar (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts - 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), 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.

The Reserve Bank of India (RBI) has, by an order dated November 20, 2023, imposed a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on Jijamata Mahila Sahakari Bank Limited, Pune (the bank) for non-compliance with RBI directions on ‘Reserve Bank of India - Know Your Customer (KYC) Direction, 2016’ and ‘Frauds in UCBs: Changes in Monitoring and Reporting Mechanism’. 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.

The Reserve Bank of India (RBI) has, by an order dated November 20, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Chembur Nagarik Sahakari Bank Ltd., Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts - 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 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.