Jowai Cooperative Urban Bank Limited

RBI imposed a ₹6 lakh penalty on Jowai Cooperative Urban Bank Limited, Meghalaya. The penalty was for breaching exposure norms and not periodically reviewing account risk categorisation.

The bank must bear the financial penalty and remain compliant with RBI exposure and KYC directions going forward. The order does not invalidate customer transactions, but it signals regulatory deficiencies that RBI expects the bank to correct.

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

RBI imposed a ₹5 lakh penalty on Jowai Co-operative Urban Bank Limited for violating RBI directions on exposure norms and statutory/other restrictions for UCBs. The action followed inspection findings and a show-cause process.

The bank must absorb the ₹5 lakh penalty; the release does not indicate any suspension, restriction on operations, or cancellation. The action has no stated direct impact on customers beyond the compliance finding, though it signals regulatory scrutiny of the bank's exposure and statutory restriction compliance.

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