Chandrapur District Central Co-operative Bank Limited

RBI has imposed a Rs 4.50 lakh penalty on Chandrapur District Central Co-operative Bank Ltd., Maharashtra. The action follows KYC and regulatory-compliance lapses found in a statutory inspection.

The bank must bear the monetary penalty and remains subject to any further supervisory or enforcement action RBI may initiate. The release does not impose a new operational restriction, but it signals continued compliance expectations around unclaimed deposits, KYC record reporting, and customer identification controls.

• Section 26A read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act

RBI imposed a penalty of Rs 2.50 lakh on Chandrapur District Central Co-operative Bank Limited, Chandrapur, Maharashtra. The action followed a finding that the bank had sanctioned loans to its directors.

The bank must bear the monetary penalty of Rs 2.50 lakh; the release does not indicate any operational restriction or licence impact. RBI also noted that the penalty is without prejudice to any other action that may be initiated separately.

• section 20 read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act, 1949