Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad

RBI imposed a penalty of Rs 65 lakh on Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad. The penalty was for non-compliance with RBI's cyber security and internet banking directions for cooperative banks.

The bank must absorb the financial penalty and may face closer supervisory attention on cyber security controls and internet banking compliance. The order does not by itself invalidate customer transactions or agreements, but it underscores obligations to strengthen controls and comply with RBI directions.

• section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Banking Regulation Act, 1949 (BR Act)

RBI imposed a monetary penalty of ₹112.50 lakh on Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad. The penalty was for non-compliance with RBI directions on interest rates on deposits and KYC.

The bank must absorb the monetary penalty and continue complying with RBI directions on deposit interest and KYC controls. The release does not indicate any operational restriction beyond the fine, but it signals continued regulatory scrutiny of the bank’s compliance framework.

• section 47A(1)(c)
• sections 46(4)(i) and 56 of the Banking Regulation Act, 1949