Sind Co-operative Urban Bank Ltd., Telangana

RBI has imposed a ₹1.30 lakh penalty on Sind Co-operative Urban Bank Ltd., Telangana. The action was taken for failing to deposit the required amount in the MSE Refinance Fund after a PSL shortfall.

The bank must absorb the monetary penalty and remain compliant with RBI's PSL and MSE Refinance Fund directions. The release does not indicate any additional operational restriction, but it underscores continuing compliance obligations and potential for further RBI action if the underlying non-compliance persists.

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

RBI imposed a monetary penalty on The Sind Co-operative Urban Bank Ltd., Hyderabad, Telangana. The action was for violations of exposure norms and statutory/other restrictions.

The bank must absorb the monetary penalty; no operational restriction or licensing action is described in this release. The action has no direct forward-looking restriction beyond the financial penalty itself, though it signals continued RBI compliance scrutiny.

• Section 47A (1) (b)
• Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)