1. Executive Summary The Reserve Bank of India (RBI) has imposed a monetary penalty on Bharat Co-operative Bank (Mumbai) Limited for non-compliance with specific regulatory directions. This action follows a statutory inspection based on the bank’s financial position as of March 31, 2025. Penalty Amount ₹15 Lakh (Rupees Fifteen Lakh) Date of Order February 6, […]
1. Daund Urban Co-operative Bank Limited Location: Daund, Maharashtra | Penalty Amount: ₹5,000 Key Details Regulatory Order Date February 02, 2026 Violation Category Credit Information Reporting Specific Charge Failure to submit credit information of customers to any Credit Information Companies (CICs). Regulatory Act Credit Information Companies (Regulation) Act, 2005 (Section 25 read with Section 23).
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
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
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
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
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
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
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
1. Executive Summary The Reserve Bank of India (RBI) has extended the validity of its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. Originally imposed on July 21, 2022, due to the bank’s deteriorating financial health, these directions
