Rajsamand Urban Co-operative Bank Limited, Rajsamand

RBI imposed a ₹5 lakh penalty on The Rajsamand Urban Co-operative Bank Limited, Rajsamand. The penalty was for breaches of lending and exposure norms and acquisition of non-banking assets.

The bank must bear the financial penalty; the release does not describe any suspension or operational restriction. The adverse finding may also have compliance and supervisory implications for the bank’s lending, exposure, and asset classification practices.

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

RBI imposed a Rs 2 lakh penalty on Rajsamand Urban Co-operative Bank Limited, Rajsamand. The penalty was for violations of KYC norms and AML directives.

The bank must absorb the monetary penalty, but the release does not indicate any additional operational restriction beyond the fine. The action is adverse to the bank and reflects RBI's finding of non-compliance with KYC/AML requirements.

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