Tumkur Veerashaiva Cooperative Bank Ltd., Tumkur, Karnataka

RBI imposed a monetary penalty of ₹50,000 on The Tumkur Veerashaiva Co-operative Bank Ltd., Karnataka. The action was for breaching RBI’s SAF directions on lending, exposure control, and expense curtailment.

The bank must absorb the monetary penalty and remain subject to RBI’s supervisory expectations under SAF. The release does not itself impose a new operational ban, but it signals continued regulatory scrutiny over lending discipline, concentration/exposure management, and expense control. Any further enforcement action remains possible.

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

RBI imposed a ₹10 lakh penalty on Tumkur Veerashaiva Cooperative Bank Ltd., Tumkur, Karnataka. The bank was found to have breached donation limits and KYC/AML customer due diligence norms.

The bank must absorb the monetary penalty; no operational restriction is described in the release. The action is a compliance enforcement measure and does not state any immediate customer-facing restriction or deadline beyond the penalty itself.

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