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

RBI imposed a ₹5 lakh penalty on Urban Co-operative Bank Ltd., Mainpuri for non-compliance with investment directions. The bank was found to have breached prudential inter-bank exposure limits.

The bank must bear the monetary penalty, and RBI has indicated that the action is without prejudice to any other supervisory or enforcement action that may be initiated separately. There is no stated operational restriction on the bank’s business from this order, but the compliance lapse may invite further regulatory scrutiny.

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

RBI imposed a penalty of Rs 5 lakh on Urban Co-operative Bank Ltd., Mainpuri, Uttar Pradesh. The penalty was for breaches of investment classification and prudential norms applicable to UCBs.

The bank must bear the monetary penalty; the release does not mention any operational restriction or suspension. The adverse consequence is financial and reputational, and the penalty reflects RBI’s finding of non-compliance with prudential and exposure-limit norms.

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