Case Brief
By an order dated July 16, 2025, RBI imposed a monetary penalty of Rs 2 lakh on The Shahada Peoples Co-operative Bank Ltd., Shahada, Maharashtra. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, following a statutory inspection and a show-cause notice. RBI found that the bank had regularised certain NPAs without repayment through genuine sources, in breach of RBI directions applicable to urban co-operative banks on income recognition, asset classification, provisioning and related matters.
Action Snapshot
- Primary Impact
- Fine: Rs 2.00 L
- Entity Type
- Co-operative bank
- Location
- Shahada, Maharashtra
- Order Date