RBI imposes monetary penalty on Wardha District Ashirwad Mahila Nagari Sahakari Bank Maryadit, Hinganghat, Maharashtra
Case Brief
RBI imposed a monetary penalty on Wardha District Ashirwad Mahila Nagari Sahakari Bank Maryadit, Hinganghat, Maharashtra by order dated June 15, 2026. The penalty was for non-compliance with RBI directions on ‘Exposure Norms & Statutory/ Other Restrictions – UCBs’. After inspection, notice, and hearing, RBI sustained the charge that the bank had failed to adhere to the prescribed regulatory ceiling on certain advances.
RBI imposed a monetary penalty after a statutory inspection and supervisory findings showed non-compliance with RBI directions on ‘Exposure Norms & Statutory/ Other Restrictions – UCBs’. The sustained charge was that the bank failed to adhere to the prescribed regulatory ceiling on certain advances. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, after considering the bank’s reply, additional submissions, and oral hearing.
Severity Assessment
The action is a monetary penalty of only ₹20,000, which falls in the lowest monetary band (severity 1).
The bank must bear the ₹20,000 penalty, and the order serves as a regulatory censure for breaching exposure norms. The release states the penalty is without prejudice to any other action RBI may initiate separately; no operational restriction is imposed by this order.
Published as Wardha District Ashirwad Mahila Nagari Sahakari Bank Maryadit, Hinganghat, Maharashtra
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