Case Brief
The Reserve Bank of India imposed a monetary penalty of ₹1.00 lakh on Jodhpur Nagrik Sahakari Bank Ltd., Jodhpur by order dated January 20, 2022. The penalty was levied for non-compliance with RBI directions contained in the Master Circular on Exposure Norms and Statutory/Other Restrictions for UCBs, specifically for non-adherence to the prudential inter-bank (gross) exposure limit. RBI said the action was based on deficiencies in regulatory compliance and was not a judgment on the validity of the bank's transactions with customers.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 L
- Entity Type
- Co-operative bank
- Location
- Jodhpur, Rajasthan
- Order Date