Case Brief
The Reserve Bank of India imposed a monetary penalty of ₹2.50 lakh on Shree Dhandhuka Janta Sahakari Bank Ltd., Dhandhuka, dist. Ahmedabad, Gujarat. The action followed a statutory inspection and supervisory review that found non-compliance with RBI directions on investment limits for Primary (Urban) Co-operative Banks and on KYC requirements. RBI noted that the bank breached the ceiling on investments under the Held to Maturity category, exceeded prudential inter-bank and counterparty exposure limits, and did not upload customer KYC records to the Central KYC Records Registry within the prescribed timeline. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 2.50 L
- Entity Type
- Co-operative bank
- Location
- Dhandhuka, Gujarat