The Raj Laxmi Mahila Urban Co-operative Bank Ltd., Jaipur

RBI has imposed a ₹5 lakh penalty on The Raj Laxmi Mahila Urban Co-operative Bank Ltd., Jaipur. The bank was found non-compliant with RBI’s SAF directions on reducing single exposure limits for fresh loans and advances.

The bank must bear the monetary penalty and remain compliant with RBI’s SAF directions going forward. The action does not itself invalidate customer transactions, but RBI may initiate other proceedings if warranted.

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

RBI imposed a monetary penalty of Rs 1 lakh on Rajlaxmi Mahila Urban Co-operative Bank, Jaipur. The penalty was for violations of directives/guidelines on unsecured advances, IRAC norms, and OBC charges.

The bank must absorb the monetary penalty; the release does not describe any additional operational restriction or corrective deadline. The action is retrospective, but it signals RBI's finding of compliance lapses in lending norms and related charges.

• Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)