RBI imposes monetary penalty on The Manipur Women’s Co-operative Bank Limited

Case Brief

RBI imposed a monetary penalty of Rs 1.60 lakh on The Manipur Women’s Co-operative Bank Ltd. by order dated September 02, 2025. The penalty was imposed after a statutory inspection and a show-cause notice, when RBI found the bank had not complied with directions on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’, specifically by breaching the prudential inter-bank (gross) exposure limit and the prudential inter-bank counter-party exposure limit. The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.