The Guntur Women Cooperative Urban Bank Ltd

RBI imposed a monetary penalty of ₹50,000 on The Guntur Women Co-operative Urban Bank Limited, Andhra Pradesh. The action was taken for non-compliance with RBI’s KYC directions.

The bank must absorb the penalty and address the identified KYC compliance gap, particularly the CKYCR upload requirement. The order does not itself impose an operational restriction, but RBI noted that further action may still be initiated separately.

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

RBI imposed a ₹5 lakh penalty on The Guntur Women Cooperative Urban Bank Ltd., Guntur, for multiple regulatory breaches. The violations related to loans to directors’ relatives, income recognition/asset classification, and gold loan norms.

The bank must absorb the financial penalty and continue operating, but the release signals regulatory non-compliance that may invite further supervisory attention. The action does not by itself invalidate customer transactions, but it highlights compliance weaknesses in lending practices and asset classification controls.

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