Tirumala Co-operative Urban Bank Ltd., Hyderabad, Telangana

The Reserve Bank of India 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) after finding that the bank had violated RBI directives and guidelines relating to loans and advances to directors and their relatives, exposure norms and statutory/other restrictions, and donations/contributions for public or charitable purposes out of profits of UCBs. RBI issued a show-cause notice, considered the bank's written reply and personal hearing, and concluded that the violations were substantiated and warranted penalty.

The bank must pay the monetary penalty; the order does not impose a business restriction or suspension. The action is a retrospective enforcement measure and does not, on its face, directly restrict current operations, though it signals supervisory non-compliance.