Jijamata Mahila Sahakari Bank Limited, Pune

RBI has imposed a Rs 4 lakh penalty on Jijamata Mahila Sahakari Bank Limited, Pune. The action follows non-compliance with KYC and fraud reporting directions.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI, particularly in KYC risk categorisation reviews and timely fraud reporting. The action does not by itself impose an ongoing operating restriction, but it signals heightened supervisory scrutiny over the bank's compliance controls.

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

RBI imposed a Rs 3 lakh penalty on Jijamata Mahila Sahakari Bank, Pune, for non-compliance with RBI directions on exposure norms and statutory/other restrictions for UCBs.

The bank must absorb the penalty and continue operating subject to RBI compliance expectations. The action does not impose a forward-looking business restriction, but it signals regulatory non-compliance and may affect supervisory scrutiny going forward.

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