Rani Laxmi Bai Urban Co-operative Bank Ltd

RBI has imposed a ₹5 lakh penalty on Rani Laxmibai Urban Co-operative Bank Ltd., Jhansi, for violating specific RBI directions under the Supervisory Action Framework.

The bank must absorb the penalty and address the regulatory non-compliance that led to the action. There is no stated restriction on its operations in this release, but the finding underscores the need to comply with RBI supervisory directions going forward.

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

RBI imposed a ₹5 lakh penalty on Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi. The action followed violations of several RBI prudential, governance, KYC/AML, and audit-related instructions.

The bank must absorb the monetary penalty and address the underlying compliance lapses identified by RBI. There is no stated operational restriction in this release, but the bank remains exposed to supervisory scrutiny over KYC/AML, prudential, governance, and audit controls.

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