Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka

RBI imposed a monetary penalty of Rs 2.50 lakh on Sri Ganesh Co-operative Bank Limited, Gulbarga, Karnataka. The action was for breaching exposure limits and making donations beyond the permitted regulatory cap.

The bank must absorb the monetary penalty of Rs 2.50 lakh, but the release does not impose any new operational restriction on its business. The action signals supervisory non-compliance and leaves RBI free to initiate any further action it may deem appropriate.

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

RBI imposed a ₹15 lakh penalty on Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka. The bank was found to have violated KYC/AML instructions through structured at-par cheques, benami accounts, and large cash deposits.

The bank must absorb the financial penalty; the release does not describe any suspension or operational ban. The case signals continued regulatory scrutiny over KYC/AML controls, customer identification, and cash-deposit monitoring.

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