Janata Sahakari Bank Limited, Gondia, Maharashtra

RBI imposed a ₹1.50 lakh penalty on Janata Sahakari Bank Ltd., Gondia, Maharashtra. The action followed a finding that the bank delayed transferring eligible unclaimed amounts to the Depositor Education and Awareness Fund.

The bank must absorb the ₹1.50 lakh penalty, and the finding may expose it to further supervisory action if RBI chooses to proceed separately. There is no stated restriction on the bank's ongoing operations, but it remains accountable for compliance with unclaimed-deposit transfer requirements and related statutory obligations.

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

RBI imposed a ₹1 lakh penalty on Janata Sahakari Bank Limited, Gondia, Maharashtra. The action was for non-compliance with RBI directions on board composition and exposure/statutory restrictions.

The bank must absorb the monetary penalty and continue complying with RBI directions on governance and exposure/statutory restrictions. There is no indicated suspension or business ban, but the finding may increase supervisory scrutiny and requires continued compliance going forward.

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