The Parwanoo Urban Co-operative Bank Ltd., Parwanoo

RBI imposed a ₹5 lakh penalty on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, for non-compliance with SAF directions. The bank was found to have paid dividend in violation of those directions.

The bank must absorb the ₹5 lakh penalty, and the order does not by itself impose a new operational restriction. However, RBI has indicated that further action may still be initiated if warranted, so the bank remains exposed to additional supervisory consequences for the same compliance failures.

• 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 Parwanoo Urban Co-operative Bank Ltd., Parwanoo. The penalty was for IRAC non-compliance, including failure to classify certain loan accounts as non-performing.

The bank must absorb the ₹1 lakh penalty, and the finding reflects a regulatory compliance lapse under IRAC norms. The order does not itself impose a business restriction, but RBI notes that the penalty is without prejudice to any other action that may be initiated separately.

• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a monetary penalty of Rs 3 lakh on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh. The penalty was for non-compliance with RBI directions issued under the Supervisory Action Framework.

The bank must absorb the monetary penalty and remain compliant with the RBI directions previously issued under SAF. The order does not itself describe a new operational restriction, but it underscores continuing supervisory expectations and the need to adhere to RBI instructions going forward.

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

RBI imposed a monetary penalty of Rs 6 lakh on Parwanoo Urban Co-operative Bank Limited, Parwanoo. The action was for breaches of RBI directions on asset classification, provisioning, and exposure norms.

The bank must absorb the monetary penalty and continue complying with RBI norms on asset recognition, provisioning, and exposure limits. The order does not invalidate customer transactions, but it signals regulatory non-compliance and may invite closer supervisory scrutiny.

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