The Mahabaleshwar Urban Cooperative Bank Limited, Mahabaleshwar

RBI imposed a ₹2 lakh penalty on The Mahabaleshwar Urban Cooperative Bank Limited, Maharashtra for regulatory non-compliance. The issues involved unsecured advances beyond limits and violations of share-linking guidelines for loans.

The bank must absorb the monetary penalty; the action is penal in nature but does not by itself impose an operational restriction on new business. The release also makes clear that RBI may initiate any other action separately, so the bank remains exposed to further supervisory or enforcement measures.

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

RBI imposed a ₹1 lakh penalty on The Mahabaleshwar Urban Cooperative Bank Limited, Mahabaleshwar for violating its directions on Boards of Directors for UCBs. The breach involved sanctioning credit to a relative of an expert director.

The bank must bear the ₹1 lakh penalty; the press release does not announce any operational restriction, but it signals RBI's finding of non-compliance with board-related lending directions. No direct impact on depositors or customers beyond the penalty itself is stated.

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