The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad

RBI imposed a monetary penalty of ₹26.60 lakh on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad. The action followed findings of non-compliance with deposit transfer requirements and lending-related directions involving a director-linked interest.

The bank must absorb the monetary penalty and remain alert to any further supervisory or enforcement action from RBI. The order does not by itself restrict operations, but it highlights compliance obligations around depositor fund transfers and connected-party lending controls.

• section 26 A (2) read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a Rs 44 lakh penalty on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad. The penalty was for non-compliance with RBI directions on deposit interest payments and delayed fraud reporting.

The bank must absorb the penalty and address the compliance deficiencies identified by RBI, especially around timely interest payments on deposits and prompt fraud reporting. No operational restriction was imposed, but the findings may attract closer regulatory scrutiny going forward.

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

RBI imposed a Rs 5 lakh penalty on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad. The action followed multiple regulatory breaches involving KYC, naming/usage norms, and lending outside its permitted area.

The bank must absorb the monetary penalty and the finding of non-compliance. While no new operating restriction is described in the release, the order signals continuing supervisory scrutiny over KYC compliance, naming/branding norms, and adherence to lending/geographic limits.

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