Gomti Nagariya Sahakari Bank Ltd., Jaunpur, Uttar Pradesh

RBI imposed a ₹2 lakh penalty on Gomti Nagariya Sahakari Bank Ltd., Jaunpur for non-compliance with supervisory directions under the Supervisory Action Framework. The bank was found to have sanctioned high-risk fresh loans and offered higher term-deposit rates than SBI.

The bank must absorb the monetary penalty and remains subject to any existing supervisory expectations under SAF. The release does not impose a new operational ban, but it signals continued regulatory scrutiny and leaves open the possibility of further RBI action.

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

RBI has withdrawn the Section 35A directions earlier imposed on Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh. The bank may continue regular banking business.

The prior restrictions no longer apply. Gomti Nagariya Sahkari Bank Ltd. can resume regular banking business without the earlier Section 35A constraints, and depositors/customers are no longer affected by those directions going forward.

• Section 35A of the Banking Regulation Act, 1949
• sub-section (2) of section 35A of the Banking Regulation Act, 1949