Mathura Jilla Sahkari Bank Ltd, Uttar Pradesh

RBI imposed a monetary penalty after a statutory inspection by NABARD (with reference to the bank's financial position as on March 31, 2021) and subsequent supervisory findings. The bank was issued a show-cause notice for contravention of provisions of the Banking Regulation Act, 1949, and after considering its reply and oral submissions, RBI concluded that the charge relating to failure to dispose of an immovable property, which was not being used for the bank's own purposes, within the maximum period stipulated under Section 9 read with Section 56 of the BR Act was sustained. Penalty imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

The bank must bear the monetary penalty, but the release does not impose any business restriction or other operational ban. The action is a compliance enforcement measure and does not itself restrict customers, depositors, or day-to-day banking operations, though RBI notes that further action may still be initiated separately.