Indapur Urban Cooperative Bank Ltd

RBI imposed a ₹7 lakh penalty on Indapur Urban Cooperative Bank Ltd., Indapur, Maharashtra. The penalty was for breaching RBI’s exposure norms by granting unsecured advances beyond the applicable ceiling.

The penalty has no stated operational restriction beyond the monetary sanction, but it signals a regulatory breach that the bank must address. The bank remains in business, while RBI has formally recorded non-compliance with exposure norms.

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

RBI imposed a ₹10 lakh penalty on Indapur Urban Cooperative Bank Ltd., Indapur, Maharashtra. The penalty was for non-compliance with exposure norms and KYC-related directions.

The bank must bear the monetary penalty and address the compliance weaknesses identified by RBI, particularly around unsecured exposure limits and KYC/AML monitoring controls. No operational restriction or cancellation is described in this release, but the findings may require internal remediation and stronger ongoing compliance controls.

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