The Kamaraj Co-operative Town Bank Limited

RBI imposed a ₹1 lakh penalty on Kamaraj Co-operative Town Bank Ltd., Tamil Nadu for breaching specific supervisory directions under SAF. The bank was found to have violated exposure and lending conditions.

The bank must absorb the monetary penalty and remains subject to any further supervisory or enforcement action RBI may choose to initiate. The release does not say any lending or deposit restrictions were newly imposed or lifted, but it underscores ongoing compliance expectations on borrower exposure, collateral backing, and balance-sheet/deposit growth.

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

RBI has imposed a ₹2 lakh penalty on The Kamaraj Co-operative Town Bank Limited, Tamil Nadu for multiple regulatory non-compliances. The breaches relate to lending limits, capital adequacy-related norms, and KYC reporting.

The bank must absorb the financial penalty and address the compliance deficiencies identified by RBI. The order does not invalidate customer transactions, but it signals continued supervisory scrutiny and leaves open the possibility of further action by RBI for the same or related lapses.

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