U.P. Civil Secretariat Primary Co-operative Bank Limited, Lucknow (U.P.)

The Reserve Bank of India imposed a monetary penalty under Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (as applicable to co-operative societies) on U.P. Civil Secretariat Primary Co-operative Bank Limited, Lucknow. The penalty was for violations of RBI instructions/guidelines on carrying out Concurrent Audit of Investment Portfolio, Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit, Membership of Credit Information Companies, Know Your Customer guidelines, non-submission of compliance to the RBI Inspection Report, and making a donation despite having accumulated loss during the previous year. RBI said the violations were substantiated after considering the bank's reply and personal hearing.

The bank must absorb the monetary penalty and remain compliant with RBI instructions going forward, especially around audit controls, exposure limits, KYC, CIC membership requirements, and inspection-report follow-up. No broader operating restriction is stated in the release, but the action signals continued supervisory scrutiny.