Sarvodaya Commercial Co-operative Bank Ltd., Mehsana, Gujarat

RBI imposed a monetary penalty on Sarvodaya Commercial Co-operative Bank Ltd., Mehsana, Gujarat. The bank was found to have levied penal charges on certain inoperative accounts in breach of RBI instructions.

The bank must absorb the penalty and remain mindful of compliance with RBI’s instructions on inoperative accounts and unclaimed deposits. The order does not itself impose an operational restriction on customers, but it signals supervisory scrutiny and the possibility of further action if similar non-compliance continues.

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

RBI imposed a ₹1 lakh penalty on Sarvodaya Commercial Co-operative Bank Ltd., Mehsana for non-compliance with directions on loans and advances to directors and related interests.

The bank must absorb the monetary penalty and is expected to strengthen compliance with RBI directions on insider-related lending. The action does not itself impose a business restriction, but it signals continued supervisory scrutiny over the bank's lending controls and governance practices.

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