Cosmos Co-operative Bank Ltd., Pune, Maharashtra

RBI imposed a monetary penalty of Rs 8.30 lakh on The Cosmos Co-operative Bank Ltd. for non-compliance with RBI directions on management of advances. The issue related to levying foreclosure charges on floating rate term loans to certain individual borrowers.

The bank must absorb the penalty and continue complying with RBI directions on advances. The order does not itself restrict ongoing operations, but it signals supervisory concern and leaves open the possibility of further RBI action if non-compliance persists.

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

RBI has imposed a Rs 5 lakh penalty on Cosmos Co-operative Bank Ltd., Pune. The penalty is for violating lending directives and for incorrect/omitted regulatory disclosures.

The bank must absorb the financial penalty and the finding may affect compliance scrutiny going forward. No licensing or operating restriction is described, but the bank remains accountable for accurate related-party lending controls and regulatory reporting.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (as applicable to co-operative societies)