Case Brief
By an order dated May 29, 2026, RBI imposed a monetary penalty of ₹20,000 on Sarvodaya Commercial Co-operative Bank Ltd., Mehsana, Gujarat. The penalty followed a statutory inspection and a show-cause process, and RBI concluded that the bank had failed to comply with directions on inoperative accounts / unclaimed deposits by levying penal charges for non-maintenance of minimum balances in certain inoperative accounts.
Action Snapshot
- Primary Impact
- Fine: Rs 20,000
- Entity Type
- Co-operative bank
- Location
- Mehsana, Gujarat
- Order Date