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

RBI imposed a ₹1 crore penalty on The Mehsana Urban Co-operative Bank Limited, Mehsana (Gujarat). The action was for violations involving lending to directors/relatives, KYC/AML, and group exposure norms.

The bank must absorb the monetary penalty and address the compliance failures identified by RBI. While the release does not describe an operating restriction, it signals regulatory findings on lending discipline, AML/KYC controls, and exposure management that may require remediation and tighter internal controls going forward.

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

RBI imposed a Rs 5 lakh penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana (Gujarat). The penalty was for breaches relating to co-operative membership, non-banking business, naming norms, and share-linking norms.

The bank must absorb the monetary penalty; the release does not describe any additional operating restriction or licence action. The consequence is primarily financial and reputational, with no stated direct effect on depositors, borrowers, or day-to-day operations beyond the penalty itself.

• Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)