The Bhadohi Urban Co-operative Bank Ltd., Bhadohi, Uttar Pradesh

RBI imposed a ₹2 lakh penalty on The Bhadohi Urban Co-operative Bank Ltd., Bhadohi, Uttar Pradesh. The action follows a finding that the bank failed to transfer eligible amounts to the Depositor Education and Awareness Fund on time.

The bank must absorb the monetary penalty and continue complying with the Banking Regulation Act, including timely transfer of eligible amounts to the Depositor Education and Awareness Fund. The order does not itself impose an operational restriction, but it signals supervisory non-compliance and leaves RBI free to consider further action if warranted.

• section 26 A (2) read with section 56 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 monetary penalty of Rs 20,000 on Bhadohi Urban Co-operative Bank Ltd., Bhadohi. The penalty was for violations of RBI instructions on membership, exposure norms, inter-bank limits and KYC requirements.

The bank must absorb the financial penalty and any compliance follow-up arising from the substantiated breaches. The action does not describe an operational restriction, but it signals RBI supervisory concern over membership, exposure-limit, and KYC compliance.

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