Dr. Panjabrao Deshmukh Urban Co-operative Bank Limited, Amravati, Maharashtra

RBI has imposed a penalty of Rs 1.09 lakh on Dr. Panjabrao Deshmukh Urban Cooperative Bank Ltd., Amravati, for regulatory non-compliance. The bank breached exposure limits on non-SLR investments and overcharged on certain NEFT transactions.

The bank must absorb the financial penalty and remain compliant with the relevant RBI directions going forward. The order does not itself impose an operating restriction, but it signals supervisory concern and leaves RBI free to pursue any further action if warranted.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949
• Section 30(1) read with section 26(6) of the Payment and Settlement Systems Act, 2007

RBI imposed a monetary penalty of Rs 5 lakh on Dr. Panjabrao Deshmukh Urban Co-operative Bank Limited, Amravati, Maharashtra. The penalty was for violations of supervisory directions, loan disbursement norms, and KYC-related requirements.

The bank must absorb the penalty and address the compliance gaps identified by RBI, especially in lending controls, KYC upkeep, customer risk review, and suspicious-transaction monitoring. The order does not say the validity of customer transactions is affected, but it signals heightened supervisory scrutiny and the need for corrective compliance measures going forward.

• 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 5 lakh on Dr. Panjabrao Deshmukh Urban Co-operative Bank Ltd., Amravati for KYC violations. The bank’s reply was considered, but RBI found the violations substantiated.

The bank must absorb the Rs 5 lakh penalty; the action does not describe any operational restriction beyond the financial penalty. The adverse finding may also prompt tighter KYC compliance controls going forward, but no deadline or additional remedial order is stated.

• Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)