RBI’s Action Report – 4th February 2026 | Sri Guru Raghavendra Sahakara Bank Niyamitha – Extension of Period

Executive Summary The Reserve Bank of India (RBI) has extended the period of Directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru for a further period of three months, valid until May 10, 2026. This extension highlights the regulator’s continued dissatisfaction with the bank’s financial position following the massive financial irregularities first uncovered in […]

Extension of Period, RBI Action

RBI’s Action Report – 4th February 2026 | Sikar Urban Co-operative Bank Ltd – Withdrawal of Directions

Parameter Details Bank Name Sikar Urban Co-operative Bank Ltd, Sikar Regulatory Action Withdrawal of All-Inclusive Directions Original Direction Date October 26, 2018 (Effective Nov 09, 2018) Withdrawal Date February 04, 2026 (Close of Business) Authority Section 35A read with Section 56 of the Banking Regulation Act, 1949 1. Executive Summary The Reserve Bank of India

RBI Action, Withdrawal of Directions

RBI Penalty Report – 3rd February 2026

1. Key Details: Comparative Overview Parameter The Jaipur Central Co-operative Bank Ltd. Jilla Sahkari Bank Limited, Kanpur Location Rajasthan Uttar Pradesh Penalty Amount ₹1 Lakh ₹3 Lakh Order Date January 30, 2026 January 30, 2026 Regulatory Basis Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act Inspection Source NABARD Statutory Inspection

RBI Penalty

RBI Penalty Report – 30th January 2026 | Northern Arc Capital Limited

The Reserve Bank of India (RBI) has imposed a monetary penalty on Northern Arc Capital Limited for non-compliance with KYC (Know Your Customer) Directions. The penalty stems specifically from deficiencies in the company’s automated transaction monitoring capabilities observed during the statutory inspection for the financial position as of March 31, 2024. 1. Key Incident Details

RBI Penalty

RBI Penalty Report – 29th January 2026 | Rajapur Urban Co-operative Bank Ltd.

Bank Name Rajapur Urban Co-operative Bank Ltd. Penalty Amount ₹50,000/- Date of Order January 23, 2026 Inspection Ref Date March 31, 2025 Executive Summary The Reserve Bank of India (RBI) imposed a monetary penalty of ₹50,000 on the bank for non-compliance with specific directions concerning ‘Loans and advances to directors, their relatives, and firms/concerns in

RBI Penalty

RBI’s Action Report – 28th January 2026

1. Lokapavani Mahila Sahakari Bank Niyamitha, Mandya Key Regulatory Details Regulatory Act Section 35A read with Section 56 of the Banking Regulation Act, 1949 Original Directive Date July 29, 2025 Action Taken Extension of Directions (3 Months) New Validity Period Close of business January 30, 2026 to April 30, 2026 Root Cause Analysis (RCA) Liquidity

RBI Action

RBI’s Action Report – 23rd January 2026

1. Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow Key Details of Action Directive Type: Extension of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949. Extension Period: 3 Months (January 27, 2026 – April 27, 2026). Original Order: Initially placed under directions on January 28, 2022. Key Restrictions: Caps on

RBI Penalty

RBI Penalty Report – 22nd January 2026

1. Pimpri Chinchwad Sahakari Bank Maryadit Key Details Penalty Amount ₹2.10 Lakh Date of Order January 20, 2026 Press Release 2025-2026/1971 Reason for Penalty Non-compliance with RBI directions on ‘Exposure Norms and Statutory / Other Restrictions’. Specific Charge Breach The bank had breached the prescribed limit on unsecured advances. Root Cause Analysis (RCA) System Configuration

RBI Penalty

RBI’s Action Report – 21st January 2026 | The Konark Urban Co-operative Bank Ltd.

1. Key Details of the Action The Reserve Bank of India (RBI) has extended the period of directions issued to The Konark Urban Co-operative Bank Ltd., Ulhasnagar. These directions, originally imposed to safeguard depositor interest due to the bank’s financial instability, restrict the bank’s operational freedom. Parameter Details Bank Name The Konark Urban Co-operative Bank

RBI Action
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