India, Sept. 9 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.60 lakh on The Manipur Women's Co-operative Bank Ltd for violating certain regulatory directions on Exposure Norms and Statutory/Other Restrictions for UCBs. The order was issued on September 2, 2025.
The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, following a statutory inspection of the bank's financial position as of March 31, 2024. RBI found the bank had breached both the prudential inter-bank (gross) exposure limit and the prudential inter-bank counter-party exposure limit.
After issuing a show-cause notice and considering the bank's response along with oral submissions, RBI co...