The Co-operative Urban Bank Limited, Parlakhemundi

RBI imposed a ₹13,000 penalty on The Co-operative Urban Bank Limited, Parlakhemundi, Odisha. The action was for breaching RBI directions on capital expenditure approval and credit information reporting.

The bank must bear the monetary penalty, and the finding highlights continuing compliance obligations around prior RBI approval for capital expenditure and timely reporting of customer credit information to all Credit Information Companies. The order itself does not impose a business restriction, but it leaves RBI free to take any further action if warranted.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949
• Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a ₹2.70 lakh penalty on The Co-operative Urban Bank Ltd., Paralakhemundi, Odisha. The bank was found non-compliant with exposure norms and CIC membership requirements.

The bank must absorb the monetary penalty and address the compliance failures identified by RBI, including exposure-limit controls and CIC membership requirements. The order does not itself impose a business restriction, but it may be followed by further regulatory action if deficiencies persist.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949
• Section 25 of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a Rs 1.50 lakh penalty on The Co-operative Urban Bank Limited, Parlakhemundi, Odisha. The action followed findings of non-compliance with CIC membership directions and exposure norms.

The bank must absorb the monetary penalty; the release does not announce any suspension, restriction, or withdrawal of business. The underlying compliance issues relate to credit information reporting and exposure management, which remain relevant for the bank’s ongoing regulatory compliance.

• Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI imposed a ₹1 lakh monetary penalty on The Co-operative Urban Bank Ltd., Parlakhemundi. The penalty was for non-compliance with RBI’s exposure norms and statutory/other restrictions for urban co-operative banks.

The bank must absorb the monetary penalty and remain compliant with RBI’s exposure norms and related restrictions going forward. The order does not invalidate customer transactions or agreements, but it signals continued supervisory scrutiny of the bank’s regulatory compliance.

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