Contextual Assumption: The Root Cause Analysis (RCA), Preventive Controls, and Lessons Learned for regulatory cancellations are based on common statutory failures under Section 45-IA(6) of the RBI Act, as the specific breach was not detailed in the press releases. For voluntary surrenders, the RCA reflects strategic business decisions. 1. Parichay Commotrade Pvt Ltd Key Details […]
🏦 The Mumbai District Central Co-operative Bank Ltd., Maharashtra Key Details (Factual) Penalty Imposed: ₹2 Lakh (Rupees Two Lakh only). Contravention: Contravention of provisions of “Section 20 of the Banking Regulation Act, 1949 (BR Act)”. Sustained Charge: The bank had “sanctioned certain director related loans”. Financial Position Reference: As on March 31, 2024. Root Cause
The Pusad Urban Cooperative Bank Ltd., Pusad 1. Key Regulatory Details Regulatory Authority: Reserve Bank of India (RBI) Action Date: Close of Business on November 07, 2025 Statute Invoked: Section 35 A read with Section 56 of the Banking Regulation Act, 1949 Primary Restriction: Prohibited from granting/renewing loans, making investments, accepting fresh deposits, and disbursing
The Satara Sahakari Bank Ltd., Mumbai Penalty Amount: ₹2 Lakh Order Date: October 23, 2025 Inspection Reference: Financial position as on March 31, 2024 Deficiencies in Regulatory Compliance Refunded share capital despite its “CRAR (Capital to Risk-Weighted Assets Ratio) being less than the regulatory minimum”. Breached “prudential single borrower exposure limit” in certain instances. Root
1. The Mehsana Urban Co-operative Bank Limited, Gujarat Key Details Penalty Amount: ₹25,00,000 (Rupees Twenty-Five Lakh) Offence Date Reference: Financial position as on March 31, 2024 Core Violation: Non-classification of credit facilities of certain borrowers as Non-Performing Assets (NPAs). Relevant Regulation: RBI directions on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’.
1. The Arantangi Co-operative Town Bank Limited Key Details State: Tamil Nadu Penalty Amount: ₹50,000/- Date of Order: October 22, 2025 Violation Area: Declaration of dividend by UCBs Charge Sustained: Paid dividend from “accumulated profits of previous years”. Root Cause Analysis (RCA) The primary root cause is likely a misinterpretation or lack of adherence to
1. Key Penalty Details The Reserve Bank of India (RBI) imposed a monetary penalty on a Cooperative Bank for statutory non-compliance related to the management of unclaimed deposits. Entity Penalized: Rampur Jilla Sahkari Bank Ltd., Uttar Pradesh. Penalty Amount: ₹5,00,000 (Rupees Five Lakh only). Date of RBI Order: October 3, 2025. Regulatory Violation: Contravention of
The Ghatal Peoples Co-operative Bank Limited, West Bengal Penalty Imposed: ₹5.50 Lakh (Rupees Five Lakh Fifty Thousand Only) Key Details (Violation Summary) Inspection Date March 31, 2024 (Financial Position) Penalty Order Date September 26, 2025 Violations 1. Failure to carry out periodic review of risk categorisation of accounts (at least once in six months). 2.
Key Details of Regulatory Action Authority & Power Reserve Bank of India (RBI), under “Section 45-IA(6)” of the RBI Act, 1934. Action Cancellation of Certificate of Registration (CoR) for 21 Non-Banking Financial Companies (NBFCs). Regulatory Consequence Prohibited from transacting the business of a Non-Banking Financial Institution in India. Cancellation Dates Primarily on “September 05, 18,
Key Details of RBI Actions The RBI issued Directions to The Baghat Urban Co-operative Bank Ltd., Solan, on October 06, 2025, using its powers under Section 35 A read with Section 56 of the Banking Regulation Act, 1949. The Directions came into effect from the close of business on October 08, 2025, and are set
