Press Releases - RBI - Reserve Bank of India
Press Releases
Feb 21, 2023
Reserve Bank of India imposes monetary penalty on Sudha Co-operative Urban Bank Ltd., Regd No.599/TH, Suryapet, Telangana
The Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Sudha Co-Operative Urban Bank Ltd., Regd No.599/TH, Suryapet, Telangana (the bank) for non-compliance with directions issued by RBI on Board of Directors, Exposure Norms and Statutory / Other Restrictions and Income Recognition, Asset Classification, Provisioning and Other related Matters as applicable to Urban Co-operative Banks
The Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Sudha Co-Operative Urban Bank Ltd., Regd No.599/TH, Suryapet, Telangana (the bank) for non-compliance with directions issued by RBI on Board of Directors, Exposure Norms and Statutory / Other Restrictions and Income Recognition, Asset Classification, Provisioning and Other related Matters as applicable to Urban Co-operative Banks
Feb 20, 2023
RBI imposes monetary penalty on Pune People’s Co-operative Bank Limited, Pune
The Reserve Bank of India (RBI) has imposed, by an order dated Febryary 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Pune People’s Co-operative Bank Limited, Pune (the bank) for contravention of the directions issued by the Reserve Bank of India (RBI) on Interest Rate on Deposits. 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 (4) (i) and Section 56 of the Bank
The Reserve Bank of India (RBI) has imposed, by an order dated Febryary 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Pune People’s Co-operative Bank Limited, Pune (the bank) for contravention of the directions issued by the Reserve Bank of India (RBI) on Interest Rate on Deposits. 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 (4) (i) and Section 56 of the Bank
Feb 20, 2023
RBI imposes monetary penalty on Osmanabad Janata Sahakari Bank Ltd., Osmanabad (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on Osmanabad Janata Sahakari Bank Ltd., Osmanabad (Maharashtra) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme). This penalty has been imposed in exercise of powers vested in RBI un
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on Osmanabad Janata Sahakari Bank Ltd., Osmanabad (Maharashtra) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme). This penalty has been imposed in exercise of powers vested in RBI un
Feb 20, 2023
RBI imposes monetary penalty on The Vaijapur Merchants Co-operative Bank Ltd., Vaijapur (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on The Vaijapur Merchants Co-operative Bank Ltd., Vaijapur (Maharashtra) (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Co-operative Banks on lncome Recognition and Asset Classification (IRAC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on The Vaijapur Merchants Co-operative Bank Ltd., Vaijapur (Maharashtra) (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Co-operative Banks on lncome Recognition and Asset Classification (IRAC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
Feb 20, 2023
RBI imposes monetary penalty on Youth Development Co-operative Bank Limited, Kolhapur
The Reserve Bank of India (RBI) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Youth Development Co-operative Bank Limited, Kolhapur for non-adherence / violation of All Inclusive Directions imposed on the bank by RBI. 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 (4) (i) and Section 56 of the Banking Regulation Act, 1949,
The Reserve Bank of India (RBI) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Youth Development Co-operative Bank Limited, Kolhapur for non-adherence / violation of All Inclusive Directions imposed on the bank by RBI. 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 (4) (i) and Section 56 of the Banking Regulation Act, 1949,
Feb 20, 2023
RBI imposes monetary penalty on Shree Samarth Sahakari Bank Ltd., Nashik (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Shree Samarth Sahakari Bank Ltd., Nashik (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Shree Samarth Sahakari Bank Ltd., Nashik (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi
Feb 20, 2023
RBI imposes monetary penalty on The Jalgaon District Central Co-operative Bank Ltd., Jalgaon (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹1.50 lakh (Rupees One Lakh and Fifty Thousand only) on The Jalgaon District Central Co-operative Bank Ltd., Jalgaon (Maharashtra) (the bank) for contravention of/ non-compliance with the directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with S
The Reserve Bank of India (RBl) has imposed, by an order dated February 14, 2023, a monetary penalty of ₹1.50 lakh (Rupees One Lakh and Fifty Thousand only) on The Jalgaon District Central Co-operative Bank Ltd., Jalgaon (Maharashtra) (the bank) for contravention of/ non-compliance with the directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with S
Feb 20, 2023
RBI imposes monetary penalty on The Satara Sahakari Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has, by an order dated February 15, 2023, imposed a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on The Satara Sahakari Bank Ltd., Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Management of Advances and Exposure Norms and Statutory/Other Restrictions-UCBs’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of
The Reserve Bank of India (RBI) has, by an order dated February 15, 2023, imposed a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on The Satara Sahakari Bank Ltd., Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Management of Advances and Exposure Norms and Statutory/Other Restrictions-UCBs’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of
Feb 13, 2023
RBI imposes monetary penalty on The Vaidyanath Urban Co-operative Bank Limited, Parli Vaijnath, Beed (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated February 07, 2023, a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on The Vaidyanath Urban Co-operative Bank Ltd., Beed (Maharashtra) (the bank) for non-adherence/violation of specific directions issued to the bank by the RBI under Supervisory Action Framework (SAF) under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed
The Reserve Bank of India (RBl) has imposed, by an order dated February 07, 2023, a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on The Vaidyanath Urban Co-operative Bank Ltd., Beed (Maharashtra) (the bank) for non-adherence/violation of specific directions issued to the bank by the RBI under Supervisory Action Framework (SAF) under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed
Feb 06, 2023
RBI imposes monetary penalty on The Utkal Cooperative Bank Ltd., Bhubaneswar, Odisha
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 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
Jan 30, 2023
RBI imposes monetary penalty on Ilkal Co-operative Bank Ltd., Ilkal, Karnataka
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
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
Jan 23, 2023
RBI imposes monetary penalty on Samarth Sahakari Bank Ltd., Solapur (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated January 16, 2023, a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Samarth Sahakari Bank Ltd., Solapur (Maharashtra) (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
The Reserve Bank of India (RBl) has imposed, by an order dated January 16, 2023, a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Samarth Sahakari Bank Ltd., Solapur (Maharashtra) (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
Jan 17, 2023
RBI imposes monetary penalty on Sardarganj Mercantile Co-operative Bank Ltd., district Anand (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated December 15, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on Sardarganj Mercantile Co-operative Bank Ltd., district Anand (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’ and non-compliance with specific directions dated January 01,
The Reserve Bank of India (RBI) has, by an Order dated December 15, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on Sardarganj Mercantile Co-operative Bank Ltd., district Anand (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’ and non-compliance with specific directions dated January 01,
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Jan 17, 2023
RBI imposes monetary penalty on Shree Vardhaman Sahakari Bank Ltd., Vadodara (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Shree Vardhaman Sahakari Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in the RBI under th
The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Shree Vardhaman Sahakari Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in the RBI under th
Jan 17, 2023
RBI imposes monetary penalty on The Gujarat Rajya Karmachari Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated December 15, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on The Gujarat Rajya Karmachari Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’ and sub-section (2) of section 26A of the Banking Regulatio
The Reserve Bank of India (RBI) has, by an Order dated December 15, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on The Gujarat Rajya Karmachari Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’ and sub-section (2) of section 26A of the Banking Regulatio
Jan 17, 2023
RBI imposes monetary penalty on The Janata Co-operative Bank Ltd., Godhra, Dist. Panchmahal (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated December 16, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on The Janata Co-operative Bank Ltd., Godhra, Dist. Panchmahal (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in
The Reserve Bank of India (RBI) has, by an Order dated December 16, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on The Janata Co-operative Bank Ltd., Godhra, Dist. Panchmahal (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in
Jan 16, 2023
RBI imposes monetary penalty on The Citizens’ Co-operative Bank Limited, Jammu, Jammu and Kashmir
The Reserve Bank of India (RBI) has, by an order dated January 06, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Citizens’ Co-operative Bank Limited, Jammu, Jammu and Kashmir (the bank) for contravention of section 35 A and section 36 (1) (a) read with section 56 of the Banking Regulation Act, 1949. 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 (4) (i)
The Reserve Bank of India (RBI) has, by an order dated January 06, 2023, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Citizens’ Co-operative Bank Limited, Jammu, Jammu and Kashmir (the bank) for contravention of section 35 A and section 36 (1) (a) read with section 56 of the Banking Regulation Act, 1949. 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 (4) (i)
Jan 09, 2023
RBI imposes monetary penalty on Gondia District Central Co-operative Bank Limited, Gondia (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated January 05, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Gondia District Central Co-operative Bank Limited, Gondia (Maharashtra) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) and directions issued by NABARD on “Frauds – Guidelines for Classification, R
The Reserve Bank of India (RBl) has imposed, by an order dated January 05, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Gondia District Central Co-operative Bank Limited, Gondia (Maharashtra) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) and directions issued by NABARD on “Frauds – Guidelines for Classification, R
Jan 09, 2023
RBI imposes monetary penalty on The Shirpur Peoples’ Co-operative Bank Ltd., Shirpur (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Shirpur Peoples’ Co-operative Bank Ltd., Shirpur (Maharashtra) (the bank) for contravention of/non-compliance with the directions issued by the RBI to Urban Co-operative Banks on “Exposure Norms and Statutory / Other Restrictions – UCBs”, Income Recognition and Asset Classification (IRAC) and Know Your Customer (KYC). This p
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Shirpur Peoples’ Co-operative Bank Ltd., Shirpur (Maharashtra) (the bank) for contravention of/non-compliance with the directions issued by the RBI to Urban Co-operative Banks on “Exposure Norms and Statutory / Other Restrictions – UCBs”, Income Recognition and Asset Classification (IRAC) and Know Your Customer (KYC). This p
Jan 09, 2023
Reserve Bank of India imposes monetary penalty on The Attur Town Co-operative Bank Ltd., Attur, Salem District, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated January 02, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Attur Town Co-operative Bank Ltd., Attur, Salem District, Tamil Nadu (the bank) for non-adherence/violation of directions issued in the matter of Board of Directors – 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 (4) (i) and Section 56
The Reserve Bank of India (RBI) has imposed, by an order dated January 02, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Attur Town Co-operative Bank Ltd., Attur, Salem District, Tamil Nadu (the bank) for non-adherence/violation of directions issued in the matter of Board of Directors – 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 (4) (i) and Section 56
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Page Last Updated on: January 22, 2025
