Nagar Sahkari Bank Ltd., Gorakhpur, Uttar Pradesh

RBI imposed a ₹1 lakh penalty on Nagar Sahakari Bank Ltd., Gorakhpur for non-compliance with supervisory directions under the SAF framework. The bank was found to have offered higher term-deposit interest rates than permitted.

The bank must absorb the monetary penalty and address the compliance deficiencies identified by RBI. The order does not itself cancel or restrict operations, but it signals continued supervisory scrutiny and leaves the bank exposed to any further action RBI may initiate for the same or related non-compliance. Depositors are not directly restricted by this release, but the underlying interest-rate practices were found non-compliant.

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

RBI imposed a monetary penalty of Rs 2 lakh on Nagar Sahkari Bank Ltd., Gorakhpur, Uttar Pradesh. The penalty was for violation of KYC norms.

The bank must absorb the financial penalty and continue operating subject to compliance expectations. The release does not describe any operational restriction, but it reinforces RBI scrutiny over KYC compliance.

• Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI imposed a monetary penalty of ₹1 lakh on Nagar Sahkari Bank Ltd., Gorakhpur. The penalty was for нарушение of statutory return submission requirements under the Banking Regulation Act.

The bank must bear the ₹1 lakh penalty and the enforcement record remains adverse. The order does not describe any operational restriction, but it signals non-compliance risk around statutory reporting obligations for the bank.

• Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 27 of the above Act