Nagrik Sahakari Bank Maryadit, Raipur

RBI imposed a Rs 3.50 lakh penalty on Nagrik Sahakari Bank Maryadit, Raipur for regulatory non-compliance. The bank exceeded loan and inter-bank exposure limits.

The bank must absorb the penalty and remain subject to RBI supervision; the release also makes clear that the penalty is without prejudice to any other action RBI may initiate. There is no stated withdrawal or operational restriction beyond the fine.

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

RBI imposed a ₹4.50 lakh penalty on Nagrik Sahakari Bank Maryadit, Raipur for non-compliance with RBI directions. The violations involved loan sanctioning norms, inter-bank exposure limits, and KYC/risk categorisation requirements.

The bank must bear the monetary penalty, but the release does not describe any additional operating restriction or business interruption. The action signals supervisory non-compliance findings, but it does not indicate a withdrawal of deposits, lending, or other customer-facing permissions.

• Section 36(1) read with section 56 of the Banking Regulation Act, 1949
• RBI Directions on Exposure Norms & Statutory/Other Restrictions-UCBs
• Know Your Customer (KYC)

+1 more in the case brief

RBI imposed a Rs 4.50 lakh penalty on Nagrik Sahakari Bank Maryadit, Raipur for non-compliance with prudential exposure limits and KYC-related directions. The case arose from inspection findings on the bank's regulatory lapses.

The bank must absorb the monetary penalty and strengthen compliance with RBI's exposure-limit and KYC/AML expectations. The order does not itself impose a new operating restriction, but it signals supervisory concern and may affect future scrutiny of the bank's controls and reporting practices.

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