The Janalaxmi Co-operative Bank Ltd

RBI imposed a monetary penalty of Rs 59.90 lakh on The Janalaxmi Co-operative Bank Limited, Nashik. The penalty was for multiple regulatory non-compliances identified in supervisory inspection findings.

The bank must absorb the monetary penalty and remain subject to RBI's supervisory framework. The release does not impose a new operating restriction, but it signals continued regulatory scrutiny and possible further action for the same or related compliance failures.

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

RBI imposed a monetary penalty of ₹50.35 lakh on The Janalaxmi Co-operative Bank Ltd., Nashik. The penalty was for non-compliance with RBI directions on deposits placed with other banks and CIC membership.

The bank must absorb the financial penalty of ₹50.35 lakh; the order does not by itself describe any operational restriction or licence impact. The action is backward-looking and based on compliance deficiencies, but it may increase regulatory scrutiny of the bank’s adherence to RBI directions going forward.

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