The Gandevi People's Co-operative Bank Limited, Navsari

RBI imposed a Rs 2 lakh penalty on The Gandevi People’s Co-operative Bank Ltd., Navsari, Gujarat. The penalty was for breaches of RBI directions on inter-bank deposits and fraud reporting.

The bank must absorb the monetary penalty; no operational restriction or customer-facing ban is described in the release. The action serves as a compliance sanction for past breaches, particularly around exposure limits and timely fraud reporting, but does not itself impose a forward-looking business restriction.

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

RBI imposed a penalty of Rs 1 lakh on The Gandevi People's Co-operative Bank Limited, Navsari. The action was for non-compliance with cash-transaction reporting requirements under AML guidelines.

The bank must absorb the monetary penalty and remain compliant with RBI AML and cash-transaction reporting requirements going forward. The order does not describe any operating restriction, but it signals continued regulatory scrutiny of the bank's reporting controls.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)