The Yavatmal Urban Co-operative Bank Limited

RBI imposed a ₹2.25 lakh penalty on The Yavatmal Urban Co-operative Bank Ltd., Yavatmal, Maharashtra. The action followed violations of lending limits and delayed credit-information reporting.

The bank must bear the penalty and may also face any other action RBI chooses to initiate separately. The order does not itself restrict the bank’s operations, but it highlights compliance obligations around lending exposure limits and timely credit information reporting.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949
• Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005

RBI imposed a monetary penalty of Rs 5 lakh on The Yavatmal Urban Co-operative Bank Limited, Yavatmal, Maharashtra. The penalty was for breaches of RBI directions on SAF and exposure norms for UCBs.

The bank must absorb the monetary penalty and remain subject to RBI's supervisory regime. The order does not itself cancel or suspend the bank's licence, but it signals continuing regulatory scrutiny and potential for further action if non-compliance persists. Depositors and counterparties are not directly restricted by this order, though the bank may face tighter compliance expectations going forward.

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

RBI imposed a monetary penalty of Rs 3.50 lakh on The Yavatmal Urban Co-operative Bank Limited, Yavatmal, for KYC non-compliance. The bank had failed to periodically update customer KYC and review account risk categorization.

The bank must absorb the penalty and ensure stronger KYC compliance going forward, including periodic customer KYC updates and periodic review of account risk categorization. The action does not itself restrict operations, but it highlights supervisory expectations for ongoing compliance.

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

RBI imposed a ₹5 lakh penalty on The Yavatmal Urban Cooperative Bank Limited, Yavatmal, Maharashtra. The bank was found non-compliant with RBI directions on Frauds – Classification and Reporting.

The bank must absorb the monetary penalty and continue meeting RBI’s fraud reporting / classification requirements going forward. The order does not itself impose an operational restriction, but it signals continued supervisory scrutiny over the bank’s compliance practices.

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