Mehsana District Central Co-operative Bank Ltd., Mehsana (Gujarat)

RBI imposed a monetary penalty of ₹2.10 lakh on Mehsana District Central Co-operative Bank Ltd., Mehsana (Gujarat). The penalty was for non-compliance with KYC directions and CIC membership/data submission requirements.

The bank must absorb the monetary penalty and ensure tighter compliance with KYC review/update processes and CIC data submission requirements going forward. The action does not itself impose a business restriction, but it signals ongoing supervisory expectations and compliance obligations.

• section 47A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949
• section 25 (1) (iii) read with section 23 (4) of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a ₹5 lakh penalty on The Mehsana District Central Cooperative Bank Ltd., Mehsana (Gujarat). The action was based on violations related to depositor-protection standards and prudential accounting norms.

The bank must absorb the monetary penalty; the release does not describe any ongoing operational restriction, but it signals supervisory non-compliance on depositor protection and provisioning practices that RBI found substantiated.

• Section 47A(1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 22(3)(b) of the B.R.Act, 1949 (AACS)