Krishna Sahakari Bank Limited, Satara

RBI has imposed a ₹2 lakh penalty on Krishna Sahakari Bank Limited, Satara for non-compliance with exposure norms applicable to urban co-operative banks. The bank was found to have sanctioned loans to nominal members beyond the prescribed limit.

The bank must bear the monetary penalty, but the release does not announce any new operating restriction or license action. The penalty is based on regulatory non-compliance and leaves RBI free to initiate any other action separately if warranted; the main forward-looking effect is reputational and compliance-related for the bank.

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

RBI imposed a penalty of Rs 1 lakh on Krishna Sahakari Bank Ltd., Satara for violating directions on maintenance of deposit accounts. The bank had levied fixed penal charges for minimum balance shortfall and failed to provide the prescribed notice.

The bank must ensure future compliance with RBI’s directions on deposit account maintenance, including proportionate penal charges and proper customer notice. The penalty has no direct operational restriction, but the conduct affects savings account customers and ongoing compliance controls.

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