India, April 7 -- The Reserve Bank of India has imposed a monetary penalty of Rs 1.09 lakh on Dr. Panjabrao Deshmukh Urban Cooperative Bank Ltd. for non-compliance with regulatory guidelines.
The penalty, issued through an order dated April 2, 2026, relates to violations of RBI norms on investment portfolio management, exposure limits, and NEFT customer charges.
Based on supervisory findings from an inspection conducted with reference to the bank's financial position as of March 31, 2025, the RBI identified key lapses, including:
Breach of single counterparty exposure limits for non-SLR investments
Charging higher-than-permitted fees on certain NEFT transactions
After reviewing the bank's response and submissions, the RBI concluded that...