Gondia District Central Co-operative Bank Limited

RBI imposed a Rs 2.60 lakh penalty on The Gondia District Central Co-operative Bank Ltd., Maharashtra. The bank was penalized for sanctioning a loan to its director and for not obtaining membership of three CICs.

The bank must absorb the penalty, and the finding may expose it to further supervisory or enforcement action. The order does not itself restrict the bank’s operations, but it underscores continuing compliance obligations around director lending and CIC membership for co-operative banks.

• section 20 read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and section 56 of the BR Act
• section 25 of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a Rs 2 lakh penalty on Gondia District Central Co-operative Bank Limited, Gondia, for regulatory non-compliance. The bank had failed to transfer eligible unclaimed deposits on time and had delayed/non-reported frauds to NABARD.

The bank must absorb the penalty and ensure future compliance with deposit-transfer timelines and fraud reporting obligations. The action has no direct operational restriction, but it signals continued supervisory scrutiny over compliance processes affecting depositors and regulatory reporting.

• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949
• the Depositor Education and Awareness Fund Scheme, 2014
• directions issued by NABARD on “Frauds – Guidelines for Classification, Reporting and Monitoring.”

RBI imposed a penalty of Rs 1 lakh on The Gondia District Central Co-operative Bank Limited, Gondia. The bank was found non-compliant with KYC directions relating to suspicious transaction alerting and reporting.

The bank must absorb the monetary penalty; the order does not describe any additional operational restriction or licence impact. The underlying compliance issue relates to KYC/AML controls and reporting of suspicious transactions, which RBI expects the bank to strengthen going forward.

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