U.P. Postal Primary Co-operative Bank Ltd., Lucknow

RBI imposed a ₹3 lakh monetary penalty on U. P. Postal Primary Co-operative Bank Ltd., Lucknow. The bank was found non-compliant with RBI's Supervisory Action Framework directions.

The bank must absorb the penalty and remain compliant with the underlying RBI directions going forward. The release does not describe a business restriction or operational ban, but it signals continued supervisory scrutiny and the possibility of further RBI action if non-compliance persists.

• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a penalty of Rs 1 lakh on U.P. Postal Primary Co-operative Bank Ltd., Lucknow. The penalty was for shifting a branch without prior RBI approval.

The bank must absorb the monetary penalty, and the release serves as a compliance signal that branch shifts require prior RBI approval. No operational restriction is described, but the bank is expected to correct its internal approval and governance processes to avoid similar penalties in future.

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

RBI imposed a ₹5 lakh penalty on U.P. Postal Primary Co-operative Bank Ltd., Lucknow for multiple compliance breaches. The violations covered prudential norms, KYC/AML, directors’ interference, and statutory reporting requirements.

The bank must absorb the monetary penalty and address the cited compliance weaknesses. The action does not impose a new operating restriction, but it signals continued regulatory scrutiny over governance, prudential controls, KYC/AML, and statutory reporting compliance.

• Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 29 of Banking Regulation Act, 1949 (AACS)