Case Brief
By an order dated June 23, 2025, RBI imposed a penalty on The Karimnagar District Co-operative Central Bank Ltd., Telangana after a statutory inspection by NABARD and subsequent supervisory proceedings. RBI found that the bank had sanctioned loans to its directors, constituting 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
- Karimnagar, Telangana
- Order Date