RBI imposes ₹25 lakh penalty on co-operative bank in Gujarat October 31, 2025

Ahmedabad: The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹25 lakh on The Mehsana Urban Co-operative Bank Limited, for non-compliance with specific regulatory directions related to ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’.

According to an official RBI release, the penalty was imposed by an order dated October 28, 2025, under the powers conferred by Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The action follows a statutory inspection of the bank conducted by the RBI, assessing its financial position as on March 31, 2024. The inspection and subsequent supervisory review revealed non-compliance with c

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