The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh

RBI imposed a ₹2 lakh penalty on The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh. The action was for violations of provisions of the Banking Regulation Act applicable to co-operative societies.

The bank must absorb the monetary penalty; the release does not describe any operational restriction, suspension, or cancellation. No direct forward-looking restrictions on customers or counterparties are stated beyond the financial penalty already imposed.

• Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• section 6(1)(g)
• section 6(1)(k) read with section 56 of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI has imposed a ₹1 lakh penalty on The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh. The penalty was for violations of KYC-related directives and guidelines.

The bank must absorb the financial penalty, and the action serves as a compliance warning regarding KYC obligations. There is no stated operational restriction or customer-facing service ban in this release.

• Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)