Shree Bharat Co-operative Bank Limited

RBI imposed a penalty of Rs 2.50 lakh on Shree Bharat Co-operative Bank Ltd., Vadodara, Gujarat for regulatory non-compliance. The issues related to internal audit, NPA identification/classification, and KYC-related risk review.

The bank must absorb the monetary penalty and remain subject to RBI supervision; the order does not by itself impose an operational restriction on business. RBI also noted that the penalty is without prejudice to any other action that may be initiated against the bank.

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

RBI imposed a ₹5 lakh penalty on Shree Bharat Co-operative Bank Limited, Vadodara, Gujarat. The bank was found non-compliant with RBI directions on inter-bank deposits and interest on matured term deposits.

The bank must absorb the penalty and continue complying with RBI’s inter-bank exposure limits and deposit-interest requirements. The order does not void customer transactions, but it signals supervisory censure for the compliance lapses identified in inspection.

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

RBI imposed a penalty of Rs 1 lakh on Shree Bharat Co-operative Bank Ltd., Vadodara. The penalty was for non-compliance with AML-related reporting guidelines for cash transactions above Rs 10 lakh.

The bank must absorb the monetary penalty and address the compliance lapse in AML reporting. The action does not impose an operating restriction, but it signals continued regulatory scrutiny over the bank's transaction monitoring and reporting controls.

• Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)