**Summary:**
On September 2, 2025, the Reserve Bank of India (RBI) imposed a monetary penalty of ₹1.60 lakh on The Manipur Women's Cooperative Bank Ltd. for non-compliance with RBI directions concerning Exposure Norms and Statutory/Other Restrictions for Urban Cooperative Banks (UCBs). This penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The action followed a statutory inspection of the bank's financial position as of March 31, 2024, which revealed breaches of prudential interbank gross exposure limits and prudential interbank counterparty exposure limits. A show-cause notice was issued to the bank, and the penalty was imposed after considering the bank's response and oral submissions during a personal hearing.
The RBI clarifies that this action is based on deficiencies in regulatory compliance and does not reflect on the validity of transactions or agreements between the bank and its customers. The imposition of this penalty does not preclude any further actions that the RBI may initiate against the bank.
For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001, email: helpdoc@rbi.org.in, Phone: 022-2266 0502. The press release number is 2025-2026/1066.
Key Entities Referenced
Reserve Bank of India: The central bank of India, also referred to as RBI.
The Manipur Womens Cooperative Bank Limited: A cooperative bank that was penalized by the Reserve Bank of India.
Mumbai, Maharashtra: City in India, location of Reserve Bank of India Central Office
Banking Regulation Act, 1949: The act under which the Reserve Bank of India (RBI) derives its power to impose penalties.
Exposure Norms and StatutoryOther Restrictions UCBs: The directions issued by RBI that The Manipur Womens Cooperative Bank Limited failed to comply with.
Section 47A 1c: Section of the Banking Regulation Act, 1949, that grants powers to RBI.
Section 46 4i: Section of the Banking Regulation Act, 1949, that grants powers to RBI.
Section 56: Section of the Banking Regulation Act, 1949, that grants powers to RBI.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
September 09, 2025
RBI imposes monetary penalty on The Manipur Women’s Co-operative Bank Limited
The Reserve Bank of India (RBI) has, by an order dated September 02, 2025, imposed a
monetary penalty of ₹1.60 lakh (Rupees One Lakh Sixty Thousand only) on The Manipur Women’s
Co-operative Bank Ltd. (the bank) for non-compliance with the certain directions issued by RBI on
‘Exposure Norms and Statutory/Other Restrictions - UCBs’. This penalty has been imposed in
exercise of powers conferred on RBI under the provisions of Section 47A (1)(c) read with Sections
46 (4)(i) and 56 of the Banking Regulation Act, 1949.
The statutory inspection of the bank was conducted by the RBI with reference to its financial
position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI
directions and related correspondence in that regard, a notice was issued to the bank advising it to
show cause as to why penalty should not be imposed on it for its failure to comply with the said
directions. After considering the bank’s reply to the notice and oral submissions made during the
personal hearing, RBI found, inter-alia, that the following charges against the bank were sustained,
warranting imposition of monetary penalty -
The bank had:
(i) breached the prudential inter-bank (gross) exposure limit; and
(ii) breached the prudential inter-bank counter-party exposure limit.
This action is based on deficiency in regulatory compliance and is not intended to pronounce
upon the validity of any transaction or agreement entered into by the bank with its customers.
Further, imposition of this monetary penalty is without prejudice to any other action that may be
initiated by RBI against the bank.
(Puneet Pancholy)
Press Release: 2025-2026/1066 Chief General Manager