The Sankheda Nagarik Sahakari Bank Limited

RBI imposed a ₹5 lakh monetary penalty on The Sankheda Nagarik Sahakari Bank Limited for regulatory non-compliance. The violations involved related-party lending/guarantee norms and inter-bank exposure limits.

The bank must absorb the monetary penalty and ensure future compliance with RBI’s related-party lending, guarantee, and inter-bank exposure norms. The action does not by itself state a restriction on operations, but it signals supervisory concern and may heighten compliance scrutiny going forward.

• Section 47A(1)(c)
• Sections 46(4)(i)
• Section 56

RBI imposed a penalty of Rs 1 lakh on The Sankheda Nagrik Sahakari Bank Limited, Sankheda. The action was for failing to submit required Cash Transaction Reports to FIU-IND.

The bank must bear the monetary penalty and remain compliant with AML reporting obligations going forward. The enforcement action does not itself impose an operational restriction, but it signals heightened compliance expectations for cash transaction reporting to FIU-IND.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)