Case Brief
RBI, by an order dated September 03, 2025, imposed a monetary penalty of ₹2.10 lakh on Raigad District Central Co-op Bank Ltd, Maharashtra. The action followed a statutory inspection by NABARD and subsequent supervisory proceedings. RBI found that the bank had sanctioned/renewed loans to its directors, violating Section 20 of the Banking Regulation Act, 1949, and imposed the penalty under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Act.
Action Snapshot
- Primary Impact
- Fine: Rs 2.10 L
- Entity Type
- Co-operative bank
- Location
- Maharashtra
- Order Date