Shri Janata Sahakari Bank Ltd., Halol, Dist. Panchmahal, Gujarat

RBI imposed a monetary penalty of ₹2 lakh on Shri Janata Sahakari Bank Ltd., Halol, Gujarat. The action followed findings that the bank sanctioned director-related loans and breached inter-bank exposure limits.

The bank must bear the ₹2 lakh penalty, and the finding may expose it to any further supervisory or enforcement action RBI chooses to initiate. There is no stated operational restriction in this release, but the action signals continued compliance expectations around related-party lending and inter-bank exposure limits.

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

RBI imposed a Rs 1 lakh penalty on Shri Janata Sahakari Bank Limited, Halol for AML reporting lapses. The bank failed to report cash transactions above the prescribed threshold to FIU-IND.

The bank must absorb the monetary penalty and ensure its transaction monitoring and AML reporting controls are strengthened going forward. The ruling has no stated restriction on operations, but the bank remains exposed to compliance scrutiny if similar reporting lapses recur.

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