The Santragachi Co-operative Bank Ltd., West Bengal

RBI imposed a ₹1 lakh penalty on The Santragachi Co-operative Bank Ltd., West Bengal for non-compliance with exposure norms. The bank was found to have breached prudential inter-bank exposure limits.

The bank must absorb the monetary penalty and continue operating, but it remains exposed to further supervisory scrutiny for exposure-limit compliance. No direct operational restriction on customers is described in this release.

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

RBI imposed monetary penalties on Konnagar Samabaya Bank Limited and The Santragachi Co-operative Bank Limited. The action was for non-compliance with RBI directions on exposure norms and statutory/other restrictions for urban co-operative banks.

The two co-operative banks face a monetary penalty and the compliance finding remains part of their regulatory record. No operational restriction is described in the excerpt, but the banks are expected to address the underlying non-compliance with RBI exposure norms and related statutory restrictions.

This RBI action affected 2 entities. This profile is linked as bulk member.