The Urban Co-operative Bank Ltd., Bhalki, Karnataka

RBI imposed a monetary penalty under Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (as applicable to co-operative societies). The bank was found to have violated RBI instructions in the cited circulars/directive relating to sanctioning and renewing loans and advances to directors, their relatives, and firms/concerns in which directors had an interest, failed to report such information in the relevant quarterly statements in proforma I & II submitted to RBI, and furnished false information to the RBI inspecting officer. RBI issued a show-cause notice, considered the bank's written reply and personal submissions, and concluded the violations were established beyond doubt, warranting penalty.

The bank must absorb the monetary penalty; the release does not describe any additional operational restriction or licence impact. The enforcement primarily affects the bank, while the underlying compliance failures concern governance, loan exposure controls, and regulatory reporting obligations.