The Waghodia Urban Co-operative Bank Ltd

RBI imposed a ₹5 lakh penalty on The Waghodia Urban Co-operative Bank Ltd. for multiple regulatory breaches. The violations related to lending to director-linked borrowers, inter-bank exposure limits, and interest payment defaults on deposits.

The bank must absorb the monetary penalty and ensure future compliance with RBI directions on related-party lending, counterparty exposure, and deposit-interest treatment. The action does not impose a business restriction, but it signals heightened supervisory scrutiny over the bank’s lending and deposit practices.

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

RBI imposed a Rs 1 lakh penalty on The Waghodia Urban Co-operative Bank Limited, District Vadodara. The action was for non-compliance with AML guidelines.

The bank must bear the monetary penalty, but the release does not indicate any broader restriction on operations or customer activity. The action is backward-looking and compliance-focused, with the immediate impact limited to the penalized entity.

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