A source-linked record of 2 RBI actions, their timing, severity, and recurring regulatory themes.
2 actions across 2 years.
2015
1 action
2022
1 action
Source-linked record
2 linked actions
RBI imposed a ₹2 lakh penalty on The Halol Mercantile Co-operative Bank Ltd. for violating CRR maintenance directions.
The bank must bear the penalty, but the release does not impose any fresh operational restriction on its business. The action signals a compliance breach relating to reserve maintenance requirements under RBI norms.
RBI imposed a Rs 5 lakh penalty on The Halol Mercantile Co-operative Bank Ltd., Halol, Gujarat. The bank was found to have sanctioned unsecured loans despite an existing operational restriction.
The bank must pay the penalty and remain compliant with the existing operational restriction that it had already been breaching. The order does not describe a new restriction, but it reinforces that unsecured lending in violation of regulatory directions can attract further enforcement action.