Koyana Sahakari Bank Limited, Karad

RBI imposed a monetary penalty of Rs 2 lakh on Koyana Sahakari Bank Ltd., Karad, Maharashtra. The penalty was for non-compliance with RBI directions on income recognition, asset classification and provisioning norms.

The bank must absorb the penalty and continue operating subject to RBI supervision. The order does not itself invalidate any customer transaction, but it may be followed by any other action RBI chooses to initiate.

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

RBI imposed a ₹6 lakh penalty on Koyana Sahakari Bank Limited, Karad, for breaching exposure norms. The bank had exceeded the prudential inter-bank exposure limit.

The bank must absorb the monetary penalty and ensure future compliance with RBI exposure norms, especially the prudential inter-bank (single bank) exposure limit. There is no stated operational restriction or customer-facing ban in this release, but the violation may affect regulatory oversight and compliance expectations going forward.

• Section 47 A (1) (c)
• Section 46 (4) (i)
• Section 56 of the Banking Regulation Act, 1949