Kangra Central Co-operative Bank Limited

RBI imposed a ₹25 lakh penalty on The Kangra Central Co-operative Bank Ltd., Himachal Pradesh. The bank was found to have extended loans outside its area of operation in breach of its banking licence conditions.

The bank must absorb the financial penalty and address the underlying licensing-compliance lapse. The action does not itself change customer contracts, but it signals continued supervisory scrutiny and the possibility of further RBI action if similar violations persist.

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

RBI imposed a Rs. 5 lakh penalty on Kangra Central Co-operative Bank Limited, Kangra, Himachal Pradesh. The action was for violation of RBI instructions on non-SLR investment.

The bank must absorb the monetary penalty and ensure future compliance with RBI instructions on non-SLR investment. The order has no stated operational restriction, but it signals supervisory scrutiny of investment-related compliance.

• Section 46(4) read with Section 47(A)(1)(b) of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies)