The Nakodar Hindu Urban Co-operative Bank Limited, Nakodar

RBI imposed a ₹5 lakh penalty on The Nakodar Hindu Urban Co-operative Bank Limited, Nakodar. The action was for non-compliance with RBI’s investment directions and breach of the prudential inter-bank exposure limit.

The bank must absorb the ₹5 lakh penalty and may face further RBI action, as the release explicitly states the penalty is without prejudice to other measures. The order does not itself restrict operations, but it signals continued supervisory scrutiny over the bank’s investment and exposure compliance.

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

RBI has imposed a ₹6 lakh penalty on The Nakodar Hindu Urban Cooperative Bank Ltd., Nakodar for regulatory non-compliance. The bank was found to have breached IRAC norms and specific SAF directions.

The bank must absorb the penalty and continue operating in compliance with RBI’s IRAC and SAF directions. The order does not invalidate customer transactions, but it signals continued supervisory scrutiny over the bank’s lending, dividend, capital expenditure, and operating expenditure practices.

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

RBI imposed a ₹3 lakh monetary penalty on The Nakodar Hindu Urban Cooperative Bank Ltd, Nakodar. The action was for non-compliance with SAF directions on deposit interest rates.

The bank must absorb the monetary penalty; the release does not describe any additional operating restriction, but it does signal RBI’s finding of regulatory non-compliance. The action is directed only at the bank and has no stated direct customer deadline or remediation order in the text.

• Section 35A
• Section 36 (1) read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949

RBI imposed a ₹5 lakh penalty on The Nakodar Hindu Urban Co-operative Bank Ltd., Nakodar, Punjab. The action followed findings of non-compliance with RBI directions on income recognition, asset classification and provisioning.

The bank must absorb the financial penalty; the order does not impose a broader operational restriction. The forward-looking impact is mainly compliance-related, reinforcing the need to correct NPA identification, asset classification and provisioning practices and to avoid similar violations in future supervisory reviews.

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