Case Brief
RBI, by order dated January 23, 2026, imposed a monetary penalty of ₹50,000 on Rajapur Urban Co-operative Bank Ltd., Rajapur, Maharashtra. The penalty followed a statutory inspection for the bank’s financial position as on March 31, 2025, which found non-compliance with RBI directions on loans and advances to directors, their relatives, and related firms/concerns. RBI stated that the sustained charge was that the bank sanctioned a loan to the relative of one of its directors. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 50,000
- Entity Type
- Co-operative bank
- Location
- Rajapur, Maharashtra