Jai Bhawani Sahakari Bank Ltd., Pune, Maharashtra

RBI imposed a ₹2.03 lakh penalty on Jai Bhawani Sahakari Bank Ltd., Pune. The penalty was for non-compliance with CIC membership and KYC directions.

The bank must absorb the monetary penalty and continue complying with RBI directions on CIC reporting and KYC risk review. The order does not itself alter customer transactions or impose an operating restriction, but it signals continued supervisory scrutiny and leaves RBI free to initiate further action if warranted.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949
• Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a penalty of Rs 1.50 lakh on Jai Bhawani Sahakari Bank Ltd., Pune, Maharashtra. The penalty was for violations related to KYC compliance and maintenance of deposit accounts, including delays in transferring unclaimed deposits to the DEAF.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI. There is no stated operational restriction in this release, but the findings may expose the bank to further supervisory action if similar lapses continue.

• section 26 A read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a penalty of Rs 1 lakh on The Jai Bhavani Sahakari Bank Limited, Pune. The action was for violation of RBI’s directive on directors-related loans.

The bank must absorb the monetary penalty and no operational restriction is described in this release. The finding relates to governance/related-party lending compliance and may have supervisory implications, but the release does not describe any additional forward-looking restriction beyond the fine.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)