The Gadhinglaj Urban Co-operative Bank Ltd., Gadhinglaj

RBI imposed a Rs 3 lakh penalty on The Gadhinglaj Urban Co-operative Bank Ltd., Gadhinglaj. The penalty was for non-compliance with depositor fund transfer requirements and KYC-related UCIC issues.

The bank must absorb the monetary penalty and continue complying with RBI's depositor-fund transfer and KYC/UCIC requirements. The order does not by itself invalidate customer transactions, but it signals continued supervisory scrutiny over the bank's compliance systems.

• Section 26A read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI imposed a ₹10 lakh penalty on The Gadhinglaj Urban Co-operative Bank Limited, Gadhinglaj, Maharashtra.

The bank must absorb the penalty and address the compliance gaps identified by RBI. The release does not impose a fresh operating ban, but it signals supervisory concern over lending controls, exposure norms, and KYC/risk review processes.

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