Dombivli Nagari Sahakari Bank Limited

RBI has imposed a monetary penalty of ₹8.30 lakh on Dombivli Nagari Sahakari Bank Limited for non-compliance with deposit-account directions. The bank was found to have levied penal charges in certain inoperative accounts.

The bank must absorb the monetary penalty; no business restriction or withdrawal of operating rights was announced in this release. The penalty does not validate or invalidate customer transactions, and RBI has reserved the right to initiate any further action if warranted.

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

RBI imposed a ₹50 lakh penalty on Dombivli Nagari Sahakari Bank Limited for non-compliance with cyber security directions for UCBs. The bank had failed to implement mandated controls connected to a cyber security incident.

The bank must absorb the monetary penalty and remain subject to RBI oversight on cyber security compliance. The order does not invalidate customer transactions, but it underscores the need to strengthen mandated cyber controls and governance to avoid further supervisory action.

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

RBI imposed a ₹45 lakh penalty on Dombivli Nagari Sahakari Bank Ltd., Dombivli for non-compliance with directions on fraud reporting and maintenance of deposit accounts.

The bank must absorb the monetary penalty, but the release does not impose any new operating restriction. The finding highlights compliance lapses in fraud reporting and deposit-account practices, with implications for customer charges and regulatory oversight.

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

RBI imposed a ₹50 lakh monetary penalty on Dombivli Nagari Sahakari Bank Limited for non-compliance with IRAC norms. The action followed a statutory inspection and subsequent show-cause process.

The bank must absorb the financial penalty and continue ensuring compliance with RBI's IRAC directions and related prudential norms. The action does not itself alter customer contracts, but it signals enhanced regulatory scrutiny of the bank's compliance processes.

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