Pragathi Cooperative Bank Ltd

RBI imposed a ₹2 lakh monetary penalty on The Pragathi Co-operative Bank Limited, Karnataka. The bank was found to have sanctioned director-related loans and breached exposure limits.

The bank must absorb the monetary penalty and remain compliant with RBI directions going forward. The action does not itself impose a new operational restriction, but it signals supervisory findings that could support further regulatory action if similar breaches continue. Depositors and counterparties are indirectly affected only through the bank's heightened compliance expectations.

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

RBI has imposed a penalty of ₹50,000 on Pragathi Cooperative Bank Ltd., Bengaluru. The penalty was for violations relating to housing/real estate exposure norms and customer risk profiling/updation of old accounts.

The bank must bear the monetary penalty; the release does not indicate any additional restriction on operations or business lines. The forward-looking impact is limited to the financial penalty and the compliance signal to tighten lending and customer risk-management practices.

• Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)