Dr. Babasaheb Ambedkar Urban Co-operative Bank Limited

RBI imposed a Rs 1.50 lakh penalty on Dr. Babasaheb Ambedkar Urban Co-operative Bank Limited, Nagpur, for non-compliance with lending-related RBI directions and SAF requirements.

The bank must absorb the monetary penalty and continue complying with the RBI directions cited in the order. The release does not impose a new operating ban, but it underscores continuing supervisory expectations around related-party lending and exposure limits.

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

RBI imposed a ₹2 lakh penalty on Dr. Babasaheb Ambedkar Urban Co-operative Bank Limited, Nagpur, for regulatory non-compliance. The bank had violated RBI directions on board composition and exposure norms.

The bank must absorb the financial penalty and address the compliance gaps identified by RBI. There is no stated restriction on operations or customer activity in this release, but the action signals continued supervisory scrutiny over governance and exposure compliance.

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

RBI imposed a ₹3 lakh penalty on Dr. Babasaheb Ambedkar Urban Co-operative Bank Ltd., Nagpur. The action was for lending to directors and other compliance failures including KYC/AML and inspection-related lapses.

The bank must absorb the monetary penalty; the order does not describe a business restriction or licence action. The forward-looking impact is primarily compliance-related, with continued expectations that the bank follow RBI lending norms, KYC/AML requirements, audit obligations, and inspection compliance processes.

• Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
• Section 20 of the BR Act (AACS)