The Pusad Urban Cooperative Bank Limited, Pusad, Maharashtra

RBI placed The Pusad Urban Cooperative Bank Ltd., Pusad under restrictive Directions under Section 35A. The bank faces caps on core banking activities, including lending, deposits, payments and asset disposal.

The bank must operate under strict liquidity and transaction controls from November 07, 2025 for six months unless reviewed earlier. Depositors are affected by the withdrawal cap of ₹5,000 per account, while eligible depositors may seek DICGC insurance claims up to ₹5 lakh subject to verification. Core lending, investment, borrowing, deposit-taking, payment, and asset-disposal activities are restricted unless RBI approval is obtained or the directions otherwise permit them.

• Section 35 A
• Section 56
• DICGC Act, 1961

RBI imposed a penalty of Rs 7.50 lakh on The Pusad Urban Cooperative Bank Limited, Pusad, Maharashtra. The bank was found non-compliant with several RBI directions and SAF-related requirements.

The bank must absorb the financial penalty and address the compliance lapses identified by RBI. The order does not by itself ban operations, but it signals ongoing supervisory scrutiny and the possibility of further action if similar violations continue. Depositors and other counterparties are indirectly affected by the compliance issues cited, especially around deposit-account eligibility and interest-rate adherence.

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

RBI imposed a monetary penalty of ₹2.50 lakh on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra. The action followed non-compliance with RBI’s SAF directions on deposit interest rates.

The bank must absorb the monetary penalty of ₹2.50 lakh; the release does not announce any additional restriction on operations, but RBI notes the penalty is without prejudice to any further action that may be taken. Customers are not said to face immediate new operational limits from this release.

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

RBI imposed a monetary penalty of ₹2.50 lakh on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra. The action was for non-compliance with RBI prudential directions on income recognition, asset classification and provisioning.

The bank must bear the penalty; the release does not describe any operational restriction, but it signals RBI supervisory action for prudential non-compliance. Customers are not said to face direct transactional restrictions from this order.

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