The Chanasma Nagrik Sahakari Bank Limited

RBI imposed a ₹1 lakh penalty on The Chanasma Nagrik Sahakari Bank Limited, Chanasma, for non-compliance with customer-protection directions on unauthorised electronic banking transactions.

The bank must absorb the ₹1 lakh penalty and ensure future compliance with RBI's customer-protection requirements for unauthorised electronic banking transactions. The action does not, by itself, impose a restriction on operations, but it signals supervisory concern and leaves the bank exposed to any further action RBI may initiate.

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

RBI imposed a Rs 5 lakh penalty on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, for KYC and AML violations.

The bank must absorb the Rs 5 lakh penalty, but the release does not describe any continuing operational restriction. The action serves as a compliance enforcement signal for the bank, especially on KYC/AML controls.

• Section 47A (1)(b)
• Section 46(4)
• Banking Regulation Act, 1949