The Urban Co-operative Bank Ltd., Cuttack

RBI imposed a monetary penalty of ₹4.50 lakh on The Urban Co-operative Bank Ltd., Cuttack, Odisha. The penalty was for non-compliance with KYC directions, specifically delayed upload of customer KYC records to CKYCR.

The bank must absorb the penalty and address the KYC compliance gap identified by RBI. The order does not itself pronounce on customer transactions, but it signals continued supervisory scrutiny and the possibility of further RBI action if the non-compliance persists.

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

RBI has imposed a ₹1.50 lakh penalty on The Urban Co-operative Bank Ltd., Cuttack for KYC non-compliance and breach of exposure norms. The action follows supervisory findings from the bank’s statutory inspection.

The bank must absorb the monetary penalty; the release does not impose a new operational restriction, but it signals regulatory non-compliance and leaves RBI free to initiate any further action. Customers and counterparties are not directly restricted by this order, though the findings relate to KYC maintenance and exposure management controls.

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

RBI imposed a penalty of Rs 10,000 on The Urban Co-operative Bank Ltd., Cuttack, Odisha for non-compliance with directions on the Depositor Education and Awareness Fund.

The bank must absorb the monetary penalty; the release does not announce a business restriction or suspension. The adverse impact is limited to the compliance penalty for past non-compliance, with no explicit forward-looking operational curtailment stated.

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

RBI imposed a Rs 1 lakh penalty on Urban Co-operative Bank Ltd., Cuttack.

The bank must absorb the monetary penalty and the finding of regulatory non-compliance. The action does not describe any operational restriction, but it signals RBI scrutiny over the bank's compliance with approval requirements for new collection counters.

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