RBI imposes monetary penalty on The Jeypore Co-operative Urban Bank Limited, Odisha

Case Brief

By an order dated February 03, 2026, RBI imposed a monetary penalty of ₹2 lakh on The Jeypore Co-operative Urban Bank Limited, Odisha. The penalty followed a statutory inspection with reference to the bank’s financial position as on March 31, 2025, and a show-cause process in which RBI found that the bank had failed to comply with directions on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’. Specifically, the bank breached the prudential inter-bank (gross) exposure limit and the prudential inter-bank counter-party limit. RBI said the action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.