Jagruti Co-operative Urban Bank Ltd

RBI imposed a penalty of Rs 25,000 on Jagruti Co-operative Urban Bank Ltd., Hyderabad. The action was for violating RBI instructions/guidelines on Board of Directors for UCBs.

The bank must absorb the monetary penalty of Rs 25,000; no separate operational restriction or licence action was announced in this release. The action is backward-looking and mainly signals supervisory non-compliance on board governance.

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

RBI has imposed a monetary penalty of ₹50,000 on Jagruti Co-operative Urban Bank Ltd., Hyderabad. The penalty was for violating directives on loans and advances to directors and their relatives.

The bank must absorb the monetary penalty of ₹50,000; the order does not describe any additional operational restriction or suspension. The adverse impact is limited to the financial penalty and regulatory censure.

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