Tura Urban Co-operative Bank Ltd., Tura, Meghalaya

RBI imposed a ₹1 lakh penalty on Tura Urban Co-operative Bank Ltd., Tura, Meghalaya. The bank was found to have violated SAF directions by overspending on capital expenditure and sanctioning loans beyond exposure limits.

The bank must absorb the penalty and remain compliant with RBI’s SAF directions going forward, including approval requirements for capital expenditure and limits on fresh lending. The release does not state any broader operational restriction, but the action signals continuing supervisory scrutiny and possible further RBI action if non-compliance persists.

• 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 1.50 lakh on The Tura Urban Cooperative Bank Ltd., Meghalaya. The penalty was for violating specific RBI directions under SAF and KYC requirements.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI, especially around adherence to supervisory directions and periodic review of customer risk categorisation. There is no stated operational restriction in this release, but the finding signals closer supervisory scrutiny and an expectation of stronger regulatory compliance going forward.

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

RBI imposed a monetary penalty of Rs 50,000 on Tura Urban Co-operative Bank Ltd., Tura, Meghalaya. The penalty was for non-compliance with RBI’s KYC directions.

The bank must bear the monetary penalty; the release does not indicate a business restriction or licensing action. The forward-looking impact is primarily compliance-related: RBI has signaled that further lapses in KYC compliance may attract supervisory action.

• Section 47-A (1) (c) read with Section 46 (4) and Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI imposed a ₹2 lakh penalty on The Tura Urban Cooperative Bank Limited for non-compliance with its directions on exposure norms and statutory/other restrictions for UCBs.

The bank must absorb the financial penalty of ₹2 lakh; the release does not state any business restriction, cancellation, or suspension. The action serves as a compliance enforcement measure against the bank, with no direct forward-looking operational cap described in the text.

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