Case Brief
RBI, by an order dated September 03, 2025, imposed a monetary penalty on The District Co-operative Central Bank Ltd, Bidar, Karnataka after a statutory inspection by NABARD and subsequent supervisory proceedings. RBI said the bank contravened Sections 20 and 31 read with Section 56 of the Banking Regulation Act, 1949 by sanctioning director-related loans and by failing to publish its accounts and balance-sheet for FY 2023-24 and furnish copies to RBI/NABARD within the prescribed timeline. 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 5.50 L
- Entity Type
- Co-operative bank
- Location
- Bidar, Karnataka