Jalna People’s Co-operative Bank Limited, Jalna, Maharashtra

RBI imposed a penalty of ₹0.75 lakh on The Jalna People’s Cooperative Bank Ltd., Jalna for non-compliance with gold-loan bullet repayment directions. The bank had sanctioned such loans beyond the prescribed regulatory limit.

The bank must absorb the monetary penalty and remain compliant with RBI’s gold-loan bullet repayment directions going forward. The action does not itself impose a broader operating restriction, but it signals supervisory concern and leaves RBI free to pursue further action if warranted.

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

RBI imposed a penalty of Rs 50,000 on Jalna People’s Co-operative Bank Limited, Jalna for non-compliance with RBI directions applicable to urban co-operative banks.

The bank must bear the monetary penalty of Rs 50,000; the release does not describe any additional restriction on banking operations. The action serves as a regulatory censure for past non-compliance, but no forward-looking business curtailment is stated in the text.

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