Case Brief
By an order dated October 23, 2025, RBI imposed a monetary penalty of ₹1 lakh on Parner Taluka Sainik Sahakari Bank Ltd., Parner, Maharashtra. The penalty was for non-compliance with RBI directions on 'Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs'. RBI said the bank had regularised certain non-performing assets without repayment through genuine sources. The action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, after a statutory inspection, show-cause process, and consideration of the bank's reply and hearing submissions.
Action Snapshot
- Primary Impact
- Fine: Rs 1.00 L
- Entity Type
- Co-operative bank
- Location
- Parner, Maharashtra