The United Co-operative Bank Ltd., Ahmedabad

RBI imposed a ₹1 lakh penalty on The United Co-operative Bank Limited, Ahmedabad, for non-compliance with directions on placing deposits with other banks. The bank breached prudential inter-bank exposure limits.

The bank must absorb the monetary penalty of ₹1 lakh; the release does not state any suspension or operational restriction. The action is a compliance enforcement measure and does not, by itself, invalidate customer transactions or agreements.

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

RBI imposed a Rs 5 lakh penalty on The United Co-operative Bank Ltd., Ahmedabad. The action was for multiple compliance violations found during inspection, including KYC, exposure, unsecured advances and CTR reporting lapses.

The bank must absorb the monetary penalty, but the release does not describe any new operating restriction or licence action. The forward-looking impact is primarily compliance and reputational: the bank is expected to strengthen controls around KYC, exposure limits, unsecured lending, and CTR reporting.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
• Sections 9, 20 and 46 of the Act