Recorded RBI impact
Fine: Rs 2.10 L
Monetary penalty · Fresh imposition
Published by RBI
22 Jan 2026
Case Brief
By an order dated January 20, 2026, RBI imposed a monetary penalty of Rs 2.10 lakh on Pimpri Chinchwad Sahakari Bank Maryadit, Pimpri, Maharashtra. The penalty was issued under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act after a statutory inspection with reference to the bank’s financial position as of March 31, 2025 found non-compliance with RBI directions on ‘Exposure Norms and Statutory / Other Restrictions’. RBI stated that the sustained charge was breach of the prescribed limit on unsecured advances.
Why RBI Acted
RBI imposed a monetary penalty after a statutory inspection found non-compliance with RBI directions on ‘Exposure Norms and Statutory / Other Restrictions’. The sustained charge was that the bank had breached the prescribed limit on unsecured advances. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act.
Operating Impact
The bank must absorb the monetary penalty and continue to comply with RBI’s exposure and restriction norms. The order does not itself impose a new operational ban, but it signals continued supervisory scrutiny and the possibility of further action for similar non-compliance.
Regulatory Basis
- Section 47A(1)(c) read with Sections 46(4) (i) and 56 of the Banking Regulation Act
Action Facts
- Primary Impact
- Fine: Rs 2.10 L
- Order Date
- 20 Jan 2026
- Effective From
- 20 Jan 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- Co-operative bank