The Bhavana Rishi Co-operative Urban Bank Ltd

RBI imposed a ₹1 lakh penalty on The Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad. The penalty was for violating directives and guidelines on loans and advances to directors and their relatives.

The bank must absorb the penalty and remain compliant with RBI’s lending and governance norms, especially restrictions governing loans to directors and their relatives. No operational restriction is described beyond the monetary penalty, but the violation may invite closer supervisory attention.

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

RBI imposed a ₹1 lakh penalty on Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad. The action was for violations related to loans and advances to directors and their relatives.

The bank must absorb the monetary penalty; the release does not indicate any additional operational restriction or licensing action. The matter signals RBI compliance expectations around director-related lending and governance controls.

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