Transport Co-operative Bank Ltd., Indore, Madhya Pradesh

RBI imposed a monetary penalty of Rs 1 lakh on Transport Co-operative Bank Ltd., Indore. The penalty was for violating RBI directions on director-related lending and breaching prudential inter-bank exposure limits.

The bank must bear the monetary penalty and continue ensuring compliance with RBI directions on loans to directors and related parties, as well as inter-bank exposure norms. The action does not invalidate past transactions, but it signals ongoing compliance expectations for the bank’s lending and investment practices.

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

RBI imposed a ₹5 lakh penalty on Transport Cooperative Bank Ltd, Indore. The penalty was for breaches of loan exposure norms, KYC norms, and compliance with the RBI inspection report.

The bank must absorb the monetary penalty; the release does not mention any restriction on operations, but it records regulatory non-compliance that may affect supervisory scrutiny going forward. Depositors and counterparties are not described as directly impacted in the release.

• Section 47 A (1) (b) read with section 46(4) of the Banking Regulation Act 1949(as applicable to Co-operative Societies)