Dharmavir Sambhaji Urban Cooperative Bank Ltd., Pune, Maharashtra

RBI imposed a ₹10,000 penalty on Dharmavir Sambhaji Urban Cooperative Bank Ltd., Pune for KYC non-compliance. The bank had not uploaded customer KYC records to CKYCR within the prescribed timeline.

The bank must absorb the monetary penalty and continue complying with RBI’s KYC directions, including timely CKYCR uploads. The action does not invalidate customer transactions, but it signals supervisory non-compliance and may be followed by further regulatory action if issues persist.

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

RBI imposed a ₹1 lakh penalty on Dharamvir Sambhaji Urban Co-operative Bank Ltd., Pune. The penalty was for non-compliance with RBI’s exposure norms, including the prudential inter-bank gross exposure limit.

The bank must absorb the penalty and ensure future compliance with RBI exposure norms and related restrictions for urban co-operative banks. No customer-facing restriction or business curtailment is described in this release, but the bank remains accountable for adhering to prudential inter-bank exposure limits going forward.

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