Sulaimani Co-operative Bank Ltd., Vadodara, Gujarat

RBI imposed a ₹2 lakh penalty on Sulaimani Co-operative Bank Ltd., Vadodara, for non-compliance with directions on deposits and interest rates. The bank also violated inter-bank exposure norms and account eligibility rules.

The bank must absorb the ₹2 lakh penalty and may face further RBI action, as the release states this penalty is without prejudice to any other action. The order does not itself impose an operational restriction, but it flags compliance deficiencies that could lead to additional supervisory consequences.

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

RBI penalised Sulaimani Co-operative Bank Limited, Vadodara, with a monetary fine of Rs 5 lakh. The bank was found to have breached operational instructions, exposure norms, reporting requirements for directors' loans, and KYC/AML guidelines.

The bank must bear the monetary penalty; the release does not describe any licence action or operating restriction. The underlying compliance expectations remain relevant for the bank's future lending, reporting, and KYC/AML controls.

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