Case Brief
By an order dated January 20, 2026, RBI imposed a monetary penalty of Rs 2.10 lakh on Pimpri Chinchwad Sahakari Bank Maryadit, Pimpri, Maharashtra. The penalty was issued under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act after a statutory inspection with reference to the bank’s financial position as of March 31, 2025 found non-compliance with RBI directions on ‘Exposure Norms and Statutory / Other Restrictions’. RBI stated that the sustained charge was breach of the prescribed limit on unsecured advances.
Action Snapshot
- Primary Impact
- Fine: Rs 2.10 L
- Entity Type
- Co-operative bank
- Location
- Pimpri, Maharashtra
- Order Date