Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra

RBI has imposed a ₹1.50 lakh penalty on Parbhani District Central Cooperative Bank Ltd., Maharashtra. The action follows findings of non-compliance with banking law provisions and RBI KYC directions.

The bank must absorb the monetary penalty and address the compliance lapses identified by RBI, especially around related-party lending controls and KYC/transaction monitoring systems. No depositor or operational restriction is stated in the release, but the bank remains exposed to possible further regulatory action if similar deficiencies persist.

• Section 20 read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c)
• Section 46(4)(i) read with Section 56 of the Banking Regulation Act, 1949

RBI imposed a Rs 5 lakh penalty on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra. The penalty followed findings that the bank sanctioned a director-related loan and delayed transfer of eligible funds to the Depositor Education and Awareness Fund.

The bank must bear the Rs 5 lakh penalty, and the finding signals continued supervisory scrutiny over its lending governance and depositor-fund transfer compliance. There is no stated business restriction in this release, but RBI reserves the right to initiate further action if warranted.

• Section 20
• Section 26A read with Section 56 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949