The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat

RBI imposed a ₹25 lakh penalty on The Mehsana Urban Co-operative Bank Limited, Gujarat. The bank was found to have failed to classify certain borrower accounts as NPAs.

The bank must absorb the monetary penalty and address the underlying asset-classification compliance lapse. The order does not itself impose an operational restriction, but it signals supervisory concern and may be followed by further RBI action if non-compliance continues.

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

RBI imposed a penalty of ₹5.93 crore on The Mehsana Urban Co-operative Bank Ltd., Gujarat for multiple regulatory non-compliances. The lapses included director-related lending, cyber security shortcomings, NPA misclassification, multiple UCICs, and an interested-party donation.

The bank must absorb the financial penalty and address the control, lending, KYC/UCIC, asset classification, and governance deficiencies identified by RBI. The action does not itself impose a business restriction, but it signals heightened supervisory scrutiny and may lead to further RBI action if shortcomings persist.

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

RBI imposed a ₹15 lakh penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana for non-compliance with its directions on interest rate on deposits. The inspection also found the bank opened Savings Bank accounts for ineligible trusts.

The bank must absorb the financial penalty and address the compliance lapse that led to the action. The order does not invalidate customer transactions, but it signals continued regulatory scrutiny over deposit-account eligibility and adherence to RBI directions.

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

RBI imposed a ₹40 lakh penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat. The action was for non-compliance with RBI interest-payment directions on certain deposits.

The bank must bear the penalty and address the compliance lapses identified by RBI. The order does not itself impose an operational restriction, but it signals regulatory deficiency in deposit-interest handling and may prompt tighter internal controls and remediation affecting depositors and claimants.

• section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949 (BR Act)
• Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016

RBI imposed a ₹5 crore penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat. The penalty was for contraventions related to loans and advances to directors/related parties and KYC compliance.

The bank must absorb the financial penalty and address the compliance failures identified by RBI, especially around related-party lending controls and KYC processes. The action does not itself impose an operational restriction, but it signals heightened regulatory scrutiny over the bank’s lending and customer due diligence practices.

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

RBI imposed a monetary penalty of Rs 1 lakh on The Mehsana Urban Co-operative Bank Ltd., Mehsana. The action followed violations involving nominal membership, real estate exposure, KYC compliance, and a director-related advance.

The bank must absorb the Rs 1 lakh penalty and address the compliance issues identified by RBI. The release does not impose an operational restriction, but it signals ongoing expectations around member admission, real-estate exposure limits, KYC compliance, and related-party lending discipline.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)
• Section 5(ccv) of B.R.Act, 1949 (AACS)
• Section 20 A of the B.R.Act 1949 (AACS)