The Harij Nagarik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat)

RBI imposed a penalty of Rs 3 lakh on The Harij Nagrik Sahakari Bank Ltd., Harij, Patan, Gujarat. The action followed findings of violations in gold loan instructions and KYC/AML compliance.

The bank must absorb the Rs 3 lakh penalty; the release does not mention any operating restriction, cancellation, or suspension. No direct restrictions on customers or counterparties are stated beyond the compliance findings that led to the penalty.

• Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
• Section 36 (1) of the B R Act, 1949 (AACS)

RBI imposed a penalty of Rs 1 lakh on The Harij Nagarik Sahakari Bank Ltd., Harij, for violating Section 20A instructions and AML guidelines.

The bank must bear the monetary penalty of Rs 1 lakh; the release does not describe any operational restriction, but it signals supervisory findings on AML and Section 20A compliance. The action affects the bank alone and has no stated direct customer restriction.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949
• Section 20A of B.R. Act, 1949