The Citizens’ Co-operative Bank Ltd., Jammu

RBI has imposed a ₹6 lakh penalty on The Citizens’ Co-operative Bank Ltd., Jammu for non-compliance with supervisory and exposure-limit directions. The violations involved fresh lending, overdrawn cash credit accounts, and excess inter-bank exposure.

The bank must bear the monetary penalty and the finding serves as a regulatory censure for its prior non-compliance. The release does not announce a new operational restriction, but it underscores that the bank’s lending and exposure practices were outside RBI directions and would remain subject to supervisory scrutiny.

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

RBI imposed a ₹5 lakh penalty on The Citizens’ Co-operative Bank Limited, Jammu for failing to comply with specific supervisory directions on borrower exposure limits. The action was taken after inspection and show-cause proceedings.

The bank must absorb the financial penalty; the press release does not indicate any new operational restriction beyond the fine. The underlying supervisory concern relates to borrower exposure concentration, but the immediate forward-looking impact is limited to the monetary penalty and compliance expectations already in place.

• section 35 A
• section 36 (1) (a) read with section 56
• section 47 A (1) (c) read with section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949