The Sahyadri Sahakari Bank Limited, Mumbai

RBI imposed a ₹20,000 penalty on Sahyadri Sahakari Bank Ltd., Mumbai, for non-compliance with supervisory directions under the Supervisory Action Framework. The bank had not reduced its single-borrower exposure limit as required for fresh loans and advances.

The bank must absorb the monetary penalty and continue complying with RBI’s SAF directions, especially limits on fresh lending exposures. The order does not itself cancel or suspend the bank’s licence, but it underscores continued supervisory scrutiny and the risk of further RBI action if non-compliance persists.

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

RBI imposed a ₹6 lakh penalty on The Sahayadri Sahakari Bank Limited, Mumbai for regulatory non-compliances. The breaches covered DEA Fund transfers, SAF-related deposit pricing, and KYC/dormant account/risk review lapses.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI. Forward-looking expectations include stronger DEA Fund transfer processes, adherence to SAF-linked pricing directions, periodic KYC updation, annual dormant-account reviews, and regular risk categorisation reviews for high-risk customers. The action directly affects the bank and its compliance obligations; customers are indirectly affected through tighter account monitoring and deposit-account governance.

• Section 26A read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act

RBI imposed a ₹3 lakh penalty on The Sahyadri Sahakari Bank Limited, Mumbai. The bank had failed to transfer long-unclaimed balances to the DEA Fund and delayed reporting frauds to RBI.

The bank must absorb the monetary penalty; the release does not describe any additional operational restriction or cancellation. The findings also underscore continued expectations around timely fraud reporting and transfer of long-unclaimed balances to the DEA Fund.

• Section 26A read with Section 56 of the Banking Regulation Act, 1949
• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Act