The Dhrangadhra People’s Co-operative Bank Ltd., Dhrangadhra, Dist. Surendranagar, Gujarat

RBI imposed a monetary penalty of Rs 1 lakh on The Dhrangadhra People’s Co-operative Bank Ltd., Gujarat. The penalty was for non-compliance with RBI directions on placement of deposits with other banks, including breach of the inter-bank counterparty exposure limit.

The bank must absorb the monetary penalty and continue complying with RBI’s deposit placement and counterparty exposure directions. There is no stated operational restriction in this release, but the finding signals ongoing supervisory scrutiny of the bank’s treasury/exposure practices.

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

RBI imposed a Rs 2 lakh penalty on The Dhrangadhra People’s Co-operative Bank Ltd. for non-compliance with certain RBI directions. The breach related to deposit placement and the Depositor Education and Awareness Fund Scheme.

The bank must absorb the monetary penalty; no additional operational restriction is described in the release. The action does not by itself alter customer transactions, but it reflects RBI’s finding of regulatory non-compliance.

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