Dhule and Nandurbar Jilha Sarkari Nokaranchi Sahakari Bank Ltd

RBI imposed a Rs 1 lakh penalty on Dhule and Nandurbar Jilha Sarkari Nokaranchi Sahakari Bank Ltd., Dhule, for KYC non-compliance. The bank was found deficient in risk categorisation review, KYC updation, and suspicious transaction monitoring.

The bank must absorb the monetary penalty and address the KYC/AML control deficiencies identified by RBI. Forward-looking, it needs stronger customer risk review, periodic KYC updation, and suspicious transaction monitoring systems to avoid further supervisory action. The immediate impact is financial and compliance-related, with no direct business restriction imposed by this order.

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

RBI imposed a ₹0.50 lakh penalty on Dhule & Nandurbar Jilha Sarkari Nokaranchi Sahakari Bank Ltd., Dhule, Maharashtra. The bank was found non-compliant with RBI directions on exposure norms and statutory/other restrictions for urban co-operative banks.

The bank must bear the monetary penalty; the release does not describe any new operating restriction, but it signals regulatory scrutiny over compliance with RBI exposure norms and related restrictions. No direct impact on customers is described beyond the bank's obligation to comply with RBI directions.

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