Nagrik Sahakari Bank Maryadit, Jagdalpur, Chhattisgarh

RBI imposed a monetary penalty under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 for contravention/non-adherence with RBI directions issued to Urban Co-operative Banks on Board of Directors, Exposure Norms & Statutory/Other Restrictions-UCBs and Know Your Customer (KYC). The inspection for the financial position as on March 31, 2021 found that the bank had given donation in excess of the prescribed limit, breached prudential inter-bank (gross) exposure norms and prudential inter-bank counterparty limits, failed to carry out periodic review of risk categorisation of accounts, and had no system in place to detect suspicious transactions. RBI issued a show-cause notice, considered the bank's replies and submissions, and concluded that the charges were substantiated.

The bank must absorb the monetary penalty; the order does not state any additional operational restriction or license impact. The compliance lapses cited relate to governance, exposure controls, KYC monitoring, and suspicious transaction detection, but the release does not indicate a continuing ban or restriction on banking საქმიანություն.