The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana

RBI imposed a ₹3.10 lakh penalty on The Karimnagar Co-operative Urban Bank Ltd., Telangana. The penalty was for failing to deposit the required amount into SIDBI’s MSE Refinance Fund after a PSL shortfall.

The bank must pay the monetary penalty, but the release does not impose any new operating restriction or cancellation. The forward-looking consequence is limited to regulatory censure and the possibility of other action by RBI, while the underlying compliance lapse concerns PSL-related obligations and the required MSE Refinance Fund deposit.

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

RBI imposed a penalty of Rs 50,000 on Karimnagar Co-operative Urban Bank, Telangana. The action was for non-compliance with RBI directions on submission of a compliance report.

The bank must absorb the penalty and remains subject to RBI supervision. The release does not mention any operational restriction, but it signals continued compliance expectations around regulatory reporting and compliance submissions.

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

RBI imposed a penalty of ₹1 lakh on The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana. The penalty was for violating RBI directions on loans and advances to directors and their relatives.

The bank must absorb the monetary penalty of ₹1 lakh; no additional operational restriction is described in the release. The action serves as an enforcement signal regarding compliance with lending restrictions for directors and their relatives, but the release does not indicate any further remedial deadline or business curtailment.

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