The Hindusthan Co-operative Bank Ltd., Mumbai, Maharashtra

RBI imposed a Rs 3 lakh penalty on The Hindusthan Co-operative Bank Ltd., Mumbai for non-compliance with deposit account directions. The bank had levied penal charges for low minimum balance without notifying customers properly.

The bank must absorb the penalty and remain exposed to any further supervisory or enforcement action RBI may choose to initiate. There is no direct restriction on operations from this order, but the conduct issue concerns customer charges and communication practices for deposit accounts.

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

RBI imposed a ₹4 lakh penalty on The Hindusthan Co-operative Bank Limited, Mumbai. The action followed findings of violations of exposure norms and KYC requirements.

The bank must absorb the monetary penalty; the release does not impose a new business restriction or withdrawal of permissions. The findings may also support any further regulatory action RBI chooses to initiate, but the release itself only creates the immediate obligation to pay the fine.

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