The Reserve Bank of India (RBI) has imposed monetary penalties on two cooperative banks for violations of its prescribed norms.
As per orders issued on July 30, 2025, the apex bank has levied a penalty of Rs 2 lakh on Gomti Nagariya Sahakari Bank Ltd., Jaunpur, Uttar Pradesh for non-compliance with directions issued under the Supervisory Action Framework (SAF).
In a separate action, the RBI has imposed a penalty of Rs 25,000 on the Sonepat Central Cooperative Bank Ltd., Haryana for failing to comply with RBI’s directions on membership of Credit Information Companies (CICs) by cooperative banks.
The penalty has been imposed under the provisions of Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.
The RBI clarified that the penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
