SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 27-AUG-2026

URBAN CO-OPERATIVE BANKS: IMPOSED PENALTY

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

121

NIRMAL URBAN CO-OPERATIVE BANK LTD.

DID NOT REDUCE SINGLE BORROWER EXPOSURE LIMIT FOR FRESH LOANS AND ADVANCES BY 50% OF APPLICABLE REGULATORY LIMIT

OFFERED HIGHER INTEREST RATES ON DEPOSITS HIGHER THAN THOSE OFFERED BY STATE BANK OF INDIA

IMPOSED PENALTY RS.1,00,000 FROM 30-JUN-2026

30-JUN-2026

122

OTTAPALAM CO-OPERATIVE URBAN BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ATM-CUM-DEBIT CARDS TO CERTAIN CASH CREDIT ACCOUNTS HOLDERS

IMPOSED PENALTY RS.1,00,000 FROM 03-SEP-2025

03-SEP-2025

123

OTTAPALAM CO-OPERATIVE URBAN BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES

ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE

IMPOSED PENALTY RS.5,00,000 FROM 25-AUG-2022

25-AUG-2022

124

PALANI CO-OPERATIVE URBAN BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS

IMPOSED PENALTY RS.2,00,000 FROM 27-JUN-2022

27-JUN-2022

125

PALLIKONDA CO-OPERATIVE URBAN BANK LTD.,THE

ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM

SANCTIONED CERTAIN LOANS WITHOUT COMPLYING WITH SHARE LINKING TO BORROWINGS NORMS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM

SANCTIONED LOANS TO NOMINAL MEMBERS BEYOND PRESCRIBED REGULATORY LIMIT

IMPOSED PENALTY RS.30,000 FROM 09-MAR-2026

09-MAR-2026

126

PANCHKULA URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

IMPOSED PENALTY RS.3,00,000 FROM 15-APR-2024

15-APR-2024

127

PANDHARPUR URBAN CO-OPERATIVE BANK LTD.

SANCTIONED ADDITIONAL CREDIT FACILITIES TO CERTAIN BORROWERS TO REPAY THEIR EXISTING LOANS

IMPOSED PENALTY RS.2,00,000 FROM 29-APR-2026

29-APR-2026

128

PANVEL CO-OPERATIVE URBAN BANK LTD.

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE

IMPOSED PENALTY RS.1,00,000 FROM 01-APR-2024

01-APR-2024

129

PARWANOO URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO THE DIRECTIONS ISSUED UNDER SAF FOR PAYMENT OF DIVIDEND

IMPOSED PENALTY RS.5,00,000 FROM 01-OCT-2024

01-OCT-2024

130

PARWANOO URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS

IMPOSED PENALTY RS.1,00,000 FROM 27-MAR-2024

27-MAR-2024

131

PARWANOO URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)

IMPOSED PENALTY RS.3,00,000 FROM 15-NOV-2022

15-NOV-2022

132

PARWANOO URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS

IMPOSED PENALTY RS.6,00,000 FROM 18-JUN-2021

18-JUN-2021

133

PATTUKOTTAI CO-OPERATIVE URBAN BANK LTD.,THE

DID NOT TRANSFER 20% OF ITS NET PROFIT TO STATUTORY RESERVE

SANCTIONED LOANS TO NOMINAL MEMBERS BEYOND PRESCRIBED REGULATORY LIMIT

DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS� ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY

IMPOSED PENALTY RS.1,50,000 FROM 05-DEC-2025

05-DEC-2025

134

PEN CO-OPERATIVE URBAN BANK LTD.

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI

IMPOSED PENALTY RS.1,00,000 FROM 04-OCT-2010

04-OCT-2010

135

PEOPLE�S URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES

IMPOSED PENALTY RS.5,00,000 FROM 04-MAR-2022

04-MAR-2022

136

PERIYAKULAM CO-OPERATIVE URBAN BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES

OFFERED INTEREST RATES ON CERTAIN DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THOSE OFFERED BY SBI IN NON-COMPLIANCE WITH SAF DIRECTIONS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE

ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS LAST ASSESSED CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING BELOW 9%

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SHARE LINKING NORMS IN RESPECT OF JEWEL LOANS

IMPOSED PENALTY RS.2,00,000 FROM 25-NOV-2024

25-NOV-2024

137

PIONEER URBAN CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED

SUBMITTED INACCURATE INFORMATION TO RBI REGARDING CREDIT FACILITIES TO DIRECTORS AND RELATIVES

IMPOSED PENALTY RS.5,00,000 FROM 15-JUL-2011

15-JUL-2011

138

PONANI CO-OPERATIVE URBAN BANK LTD.,THE

OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES

IMPOSED PENALTY RS.50,000 FROM 19-AUG-2025

19-AUG-2025

139

PRAKASAPURAM CO-OPERATIVE URBAN BANK LTD.,THE

PAID DIVIDEND FROM ACCUMULATED PROFITS OF PREVIOUS YEARS

IMPOSED PENALTY RS.50,000 FROM 23-FEB-2026

23-FEB-2026

140

PUNE MUNICIPAL CORP.SERVANT�S CO-OPERATIVE URBAN BANK LTD.

DID NOT CONDUCT ANNUAL REVIEW OF INOPERATIVE AND/OR DORMANT ACCOUNTS