Case Brief
RBI, by an order dated August 28, 2024, imposed a monetary penalty of ₹1.00 lakh on Durgapur Mahila Co-operative Bank Limited, Kolkata. The penalty was levied after RBI’s statutory inspection and supervisory review found non-compliance with the Master Circular on Investments by Primary (Urban) Co-operative Banks. RBI sustained charges that the bank breached the prudential inter-bank counterparty limit and the prudential inter-bank (gross) exposure limit, and imposed the penalty under the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 L
- Entity Type
- Co-operative bank
- Location
- Kolkata
- Order Date