The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat)

RBI imposed a monetary penalty of Rs 2.25 lakh on The Bodeli Urban Co-operative Bank Ltd., Bodeli, for regulatory contraventions. The violations related to loans involving directors' relatives as sureties/guarantors and non-maintenance of the required CRR.

The bank must absorb the monetary penalty and address the compliance weaknesses that led to it, especially controls around lending to director-linked parties and maintenance of statutory reserves. The order does not invalidate customer transactions, but it signals continuing supervisory scrutiny over the bank's regulatory compliance.

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

RBI imposed a ₹1 lakh penalty on The Bodeli Urban Co-operative Bank Ltd., Bodeli, for multiple regulatory violations. The breaches involved lending and KYC/AML-related guidelines.

The bank must absorb the monetary penalty and remain compliant with RBI norms going forward. There is no stated operational restriction in this release, but the bank remains exposed to supervisory scrutiny for the cited lending and KYC/AML lapses.

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