RBI Imposes Rs2.25 Lakh Penalty on 2 Cooperative Banks for Regulatory Violations
Moneylife Digital Team 05 August 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs2.25 lakh on two cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Uttar Pradesh (UP)-based Gomti Nagariya Sahakari Bank Ltd.
 
Sonepat Central Cooperative Bank Ltd from Haryana was penalised Rs25,000.
 
Gomti Nagariya Sahakari Bank has been penalised for non-compliance with specific directions issued by RBI under the supervisory action framework (SAF).
 
RBI statutory inspection found that Gomti Nagariya Sahakari Bank had sanctioned new loans and advances with risk weights exceeding 100%. Additionally, the lender was offering higher interest rates on term deposits compared to those offered by the State Bank of India (SBI).
 
Sonepat Central Cooperative Bank has been fined for failing to comply with RBI guidelines regarding membership of credit information companies (CICs) for cooperative banks. The lender did not submit credit information of its borrowers to all four CICs, as required.
 
"After considering the reply and oral submissions of both the banks during the personal hearing, RBI concluded that the charges of non-compliance with directions were substantiated and warranted imposition of monetary penalty," the central bank says.
 
In both cases, RBI says the penalties are based on deficiencies in regulatory compliance and are not intended to be pronounced on the validity of any transaction or agreement they entered into with their customer.
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