The Mahila Vikas Co-operative Bank Ltd., Ahmedabad

RBI imposed a ₹2 lakh penalty on The Mahila Vikas Co-operative Bank Ltd., Ahmedabad for non-compliance with RBI directions. The issues related to loans to directors/related parties and placement of deposits with other banks.

The bank must absorb the financial penalty and address the compliance lapses identified by RBI. The action does not itself impose a new operational restriction on customers, but it signals supervisory concerns over related-party lending and deposit placement practices, which can lead to closer regulatory scrutiny.

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

RBI imposed a Rs 5 lakh penalty on The Mahila Vikas Co-operative Bank Ltd., Ahmedabad. The action was for non-adherence to KYC/AML guidelines and related RBI/BR Act violations.

The bank must absorb the monetary penalty; the release does not mention any restriction on operations, but it records RBI’s finding of compliance lapses relating to KYC/AML and related directives.

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