Case Brief
RBI, by order dated March 25, 2025, imposed a monetary penalty on The Nizamabad District Co-operative Central Bank Ltd., Telangana after a statutory inspection by NABARD and a show-cause proceeding. RBI found that the bank had sanctioned certain director-related loans, which constituted contravention of Section 20 read with Section 56 of the Banking Regulation Act, 1949; the penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Act.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 L
- Entity Type
- Co-operative bank
- Location
- Nizamabad, Telangana
- Order Date