Sri Kalahasti Co-operative Town Bank Limited

RBI imposed a ₹50,000 monetary penalty on Sri Kalahasti Co-operative Town Bank Limited, Andhra Pradesh. The penalty was for failing to submit its FY 2022-23 accounts, balance-sheet and auditor’s report within the prescribed time.

The bank must bear the monetary penalty, and the finding may expose it to further supervisory or enforcement action. There is no stated restriction on its operations, but the compliance lapse remains recorded against the bank.

• Section 31 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a penalty of Rs 50,000 on The Srikalahasti Co-operative Town Bank Ltd., Srikalahasti, Andhra Pradesh. The action was for violation of RBI instructions on submission of compliance report.

The bank must absorb the monetary penalty and ensure future compliance with RBI reporting and compliance-report submission requirements. No broader operating restriction is described in the release, but the action signals regulatory scrutiny of the bank's compliance processes.

• Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI imposed a ₹1 lakh penalty on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, Andhra Pradesh. The action was for violations involving loans and advances to directors and their relatives.

The bank must absorb the monetary penalty, but the release does not indicate any new operational restriction. The action is a compliance enforcement measure and does not, by itself, impose a withdrawal cap or other forward-looking business ban.

• Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)