Shri Mahila Sewa Sahakari Bank Ltd., Ahmedabad (Gujarat)

RBI imposed a penalty of ₹5 lakh on Shri Mahila Sewa Sahakari Bank Ltd., Ahmedabad. The action was taken for breaches relating to CRR, insider-related lending, dividend declaration, and unclaimed deposits.

The bank must absorb the penalty and continue to comply with RBI directions on reserve maintenance, related-party lending, dividend restrictions, and transfer of unclaimed balances. The action does not by itself restrict operations, but it underscores ongoing compliance obligations for the bank and protections for depositors and other stakeholders.

• Section 47 A (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 Mahila Sewa Sahakari Bank Ltd., Ahmedabad (Gujarat). The action was for violating instructions on unsecured advances above the prescribed ceiling.

The bank must absorb the monetary penalty; no operational restriction or licence action was announced. The release has no stated direct impact on customers beyond the penalty itself.

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