Case Brief
The Reserve Bank of India imposed a monetary penalty of ₹2.50 lakh on Kunbi Sahakari Bank Ltd., Mumbai, Maharashtra, by order dated May 27, 2025. The action followed supervisory findings that the bank had not complied with specific RBI directions issued under the Supervisory Action Framework (SAF) and certain KYC directions. RBI said the bank sanctioned fresh loans and advances without the required collateral security, breached the single exposure limit applicable to fresh loans and advances in certain cases, and failed to carry out periodic review of risk categorisation of accounts as prescribed. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
Action Snapshot
- Primary Impact
- Fine: Rs 2.50 L
- Entity Type
- Co-operative bank
- Location
- Mumbai, Maharashtra