The Kheralu Nagarik Sahakari Bank Ltd

RBI imposed a ₹1.50 lakh penalty on The Kheralu Nagrik Sahakari Bank Limited, Dist. Mehsana, Gujarat. The action was for non-compliance with investment directions and KYC requirements.

The bank must absorb the penalty, and the order may also leave open the possibility of further RBI action. There is no stated operational restriction on deposits, lending, or other business activity, but the compliance lapses identified remain relevant for ongoing supervision.

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

RBI imposed a monetary penalty of Rs 5 lakh on The Kheralu Nagarik Sahakari Bank Ltd., Dist. Mehsana (Gujarat). The penalty was for breach of RBI operational instructions and borrower exposure norms.

The bank must absorb the penalty payment of Rs 5 lakh; the release does not describe any additional operating restriction, cancellation, or suspension. The action is backward-looking and primarily affects the bank rather than depositors or counterparties.

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