Gayatri Co-operative Urban Bank Ltd

RBI imposed a ₹10 lakh penalty on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana. The action was for selling insurance products without adequate disclosure and transparency, breaching RBI directions.

The bank must absorb the monetary penalty and any internal compliance remediation that follows. The order does not itself restrict operations, but it signals supervisory concerns over product-selling disclosures and transparency practices; RBI also noted that further action may be initiated separately.

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

RBI imposed a monetary penalty of Rs 1 lakh on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana. The penalty was for regulatory contraventions involving non-banking assets and unsecured advance limits.

The bank must bear the penalty and ensure future compliance with statutory asset-holding limits and RBI exposure norms, particularly restrictions on unsecured advances. The order does not state any additional operational restriction, but the bank remains subject to RBI supervision and compliance requirements.

• Section 9 read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949