The Citizen Co-operative Bank Limited, Bangalore

RBI imposed a Rs 50,000 penalty on The Citizen Co-operative Bank Limited, Bangalore, for non-compliance with RBI directions on asset classification. The bank had failed to classify certain loan accounts as NPAs.

The bank must absorb the penalty and improve compliance with RBI asset classification norms. The action does not itself impose an operational restriction, but it signals regulatory scrutiny and may be followed by further action if similar lapses continue. The immediate impact is on the bank alone, though repeated non-compliance could affect prudential oversight.

• 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 Citizen Co-operative Bank Limited, Bangalore. The bank had sanctioned/renewed loans to relatives of a director and failed to report the transactions properly to RBI.

The bank must absorb the monetary penalty and address the governance and reporting lapses identified by RBI. There is no stated operational restriction in this release, but the action signals regulatory scrutiny over related-party lending and disclosure practices.

• Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)