Shree Vardhaman Sahakari Bank Ltd., Vadodara (Gujarat)

RBI imposed a ₹2 lakh penalty on Shree Vardhaman Sahakari Bank Ltd., Vadodara for failing to maintain the minimum CRR. The action was taken under the Banking Regulation Act after RBI found contravention of its statutory reserve directions.

The bank must absorb the monetary penalty and address the compliance lapse in its statutory reserve maintenance practices. The order does not impose a customer-facing operational restriction, but it underscores ongoing supervisory scrutiny of the bank's CRR/SLR compliance.

• Section 47 A (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 Vardhaman Sahakari Bank Ltd., Vadodara. The action followed inspection findings of violation of RBI operational instructions.

The bank must absorb the penalty and any associated compliance scrutiny, but the release does not describe any new operating restriction or other forward-looking business ban. Depositors and customers are not described as facing direct service restrictions from this action.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
• Section 36(1) of the Banking Regulation Act, 1949 (AACS)