District Co-operative Bank Limited, Dehradun, Uttarakhand

RBI imposed a ₹2 lakh penalty on District Co-operative Bank Limited, Dehradun. The action followed a finding that the bank renewed and granted a secured loan to its directors/firm in which they were interested.

The bank must absorb the monetary penalty and address the compliance lapse identified by RBI. The release does not describe any operational restriction, but it signals heightened supervisory scrutiny over related-party lending and governance compliance going forward.

• section 20 (1)(b) read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46 (4)(i) and 56 of the Banking Regulation Act, 1949

RBI imposed a monetary penalty of Rs 2 lakh on District Co-operative Bank Limited, Dehradun, for contravention of banking law. The breach related to unsecured loans/advances where directors acted as guarantors.

The bank must absorb the monetary penalty, but the release does not impose any additional operating restriction or withdrawal of business. The action is primarily a regulatory sanction for past non-compliance and does not itself invalidate customer transactions or agreements.

• section 20 read with section 56 of the Banking Regulation Act, 1949
• section 47 A (1) (c) read with section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949