Noida Commercial Co-operative Bank Ltd

RBI imposed a Rs 2.50 lakh penalty on Noida Commercial Co-operative Bank Ltd., Ghaziabad for regulatory non-compliance. The lapses included failure to transfer amounts to the Depositor Education and Awareness Fund, sanctioning a director-related loan, and not classifying/reporting a fraud.

The bank must absorb the monetary penalty, and the order may be followed by additional RBI action if warranted. The release does not impose a forward-looking business restriction, but it highlights supervisory deficiencies that the bank must address to avoid further enforcement action.

• section 26 A (2) read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a ₹1 lakh monetary penalty on Noida Commercial Co-operative Bank Ltd., Ghaziabad. The penalty was for violating RBI directions by paying unclaimed dividends despite a prohibition.

The bank must absorb the monetary penalty; the release does not describe any additional restriction on operations, but it records RBI’s finding of non-compliance with its dividend-related directions.

• Section 35A
• Section 36(1) read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949

RBI imposed a ₹3 lakh penalty on Noida Commercial Co-operative Bank Ltd., Ghaziabad. The action followed findings of non-compliance with director-related loan norms and related RBI directions.

The bank must absorb the monetary penalty; no additional operational restriction is described in this release. The action signals regulatory non-compliance findings but does not, by itself, alter customer access or day-to-day operations.

• sections 23 and 35 A read with section 56 of the Banking Regulation Act, 1949
• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949