Dahanu Road Janata Co-operative Bank Ltd., Dahanu Road, Maharashtra

RBI imposed a monetary penalty after a statutory inspection (with reference to the bank's financial position as on March 31, 2024) found non-compliance with specific directions issued under the Supervisory Action Framework (SAF). The sustained charge was that the bank had not reduced both single and group borrower exposure limits for certain fresh loans and advances by 25% of the applicable regulatory limit, contrary to RBI directions. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The bank must absorb the monetary penalty, and the finding may expose it to further supervisory or enforcement action. There is no stated operational ban or withdrawal of banking powers in this release; the immediate effect is financial and supervisory, not a cessation of business. Customers are not said to be directly restricted by this order, though the bank remains under RBI compliance scrutiny.