The Citizens Urban Co-operative Bank Ltd

RBI has imposed a ₹5 lakh penalty on The Citizens Urban Cooperative Bank Ltd., Jalandhar, for breaches of lending limits and cyber security requirements.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI, particularly around lending limits for nominal members and cyber security controls such as two-factor authentication. The order does not invalidate customer transactions, but RBI may initiate further action if warranted.

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

RBI has imposed a ₹15 lakh penalty on The Citizens Urban Cooperative Bank Ltd., Jalandhar. The bank was found non-compliant with SAF directions on lending limits and deposit interest rates.

The bank must absorb the monetary penalty and remain exposed to any further regulatory action RBI may initiate. The order does not itself impose a new operational restriction, but it signals continued supervisory scrutiny over the bank's lending practices and deposit pricing compliance.

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

RBI has imposed a monetary penalty of Rs 7 lakh on The Citizens Urban Co-operative Bank Ltd., Jalandhar. The penalty was for non-compliance with RBI directions on asset classification, NPA identification, and provisioning.

The bank must absorb the financial penalty and continue to comply with RBI’s prudential directions on asset classification, NPA identification, and provisioning. The order does not invalidate customer transactions, but it signals closer regulatory scrutiny of the bank’s compliance practices.

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