The Sutex Co-operative Bank Ltd

RBI imposed a ₹5 lakh penalty on The Sutex Co-operative Bank Ltd., Surat, Gujarat. The bank was found non-compliant with cyber security directions and rules on charges for inoperative accounts.

The bank must bear the monetary penalty, and the finding may expose it to further supervisory or enforcement action. There is no stated operational restriction in this release, but the bank is expected to correct the cited compliance deficiencies in cyber security and treatment of inoperative-account charges.

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

RBI imposed a ₹10 lakh penalty on The Sutex Co-operative Bank Ltd., Surat for breaching RBI directions on lending to directors’ relatives and inter-bank exposure norms.

The bank must absorb the penalty and ensure future compliance with RBI’s directions on related-party lending and inter-bank exposure limits. The order does not invalidate any customer transaction, but it signals enhanced regulatory scrutiny of the bank’s lending and treasury practices.

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