Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh

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). The violations cited included RBI supervisory instructions, prudential norms on inter-bank gross and counter-party exposure ceiling on deposits, concurrent audit of investment transactions, professional director requirements, KYC/AML guidelines, and membership of credit information companies. RBI said it had issued a show-cause notice, but the bank did not submit a written reply; after considering the facts, RBI concluded the violations were substantiated and warranted penalty.

The bank must absorb the monetary penalty; the release does not describe any additional operational restriction, suspension, or licence action. The action is backward-looking and primarily affects the bank itself, with no stated direct change to depositor or borrower access beyond compliance expectations.