Case Brief
RBI, by order dated August 07, 2025, imposed a monetary penalty of ₹2.50 lakh on The Nalgonda District Co-operative Central Bank Ltd., Telangana. The penalty was imposed after NABARD’s statutory inspection found contravention of Section 20 read with Section 56 of the Banking Regulation Act, 1949. RBI stated that the sustained charge was the bank’s sanctioning of loans to its directors, and the penalty was levied 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
- Nalgonda, Telangana
- Order Date