Match the following cooperative banks with the reasons

Solution

• The Shahada Peoples Co-operative Bank, Maharashtra → (3): Fined ₹2 lakh for regularising NPAs without repayment from genuine sources, violating asset classification norms. • Motiram Agrawal Jalna Merchants Co-operative Bank, Maharashtra → (2): Fined ₹6 lakh for sanctioning director-related loans and exceeding group exposure limits. • Sahyadri Sahakari Bank, Mumbai → (4): Penalised ₹20,000 for not reducing single borrower exposure as per the Supervisory Action Framework (SAF). • Government Employees Co-operative Bank, Karnataka → (1): Fined ₹1 lakh for failure to upload KYC records and non-compliance with cyber security controls. All penalties were imposed under Section 47A(1)(c) of the Banking Regulation Act, 1949, highlighting regulatory non-compliance.