Vyavsayik evam Audhyogik Sahakari Bank Limited, Morena, Madhya Pradesh

RBI imposed a monetary penalty of Rs 1 lakh on Vyavsayik evam Audhyogik Sahakari Bank Limited, Morena. The penalty was for non-compliance with RBI directions on exposure norms and statutory/other restrictions for UCBs.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI, particularly around exposure norms and statutory/other restrictions applicable to UCBs. The order does not state a customer-facing operational ban, but it signals regulatory scrutiny and the need for stronger ongoing compliance controls.

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

RBI imposed a Rs. 5 lakh penalty on Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, for multiple regulatory breaches. The action followed a show-cause notice and review of the bank's reply.

The bank must absorb the financial penalty and address the regulatory lapses identified by RBI. There is no stated restriction on operations in this release, but the bank is expected to strengthen compliance around lending, related-party exposures, donations, KYC/AML, and inspection findings.

• Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
• section 20 of the BR Act 1949 (AACS)