Shikshak Sahakari Bank Ltd., Nagpur, Maharashtra

RBI imposed a ₹25 lakh penalty on Shikshak Sahakari Bank Limited, Nagpur for breaching exposure norms for borrower groups. The bank had renewed credit facilities above the prescribed prudential limit.

The bank must absorb the monetary penalty and may face further regulatory action, as RBI noted the penalty is without prejudice to any other action that may be initiated. The release does not impose a new operational restriction, but it signals ongoing supervisory concern regarding borrower exposure limits.

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

RBI imposed a monetary penalty of Rs 23.30 lakh on Shikshak Sahakari Bank Limited, Nagpur. The penalty was for breaching RBI operational instructions by sanctioning certain high-risk fresh loans and advances.

The bank must absorb the penalty and address the compliance lapse identified by RBI. The action does not itself impose a new operating restriction, but it signals heightened supervisory scrutiny over the bank's lending practices and adherence to RBI operational instructions.

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

RBI imposed a Rs 40,000 penalty on Shikshak Sahakari Bank Ltd., Nagpur for non-compliance with CIC membership directions and CIC Rules. The issue related to data reporting and data accuracy.

The bank must absorb the monetary penalty and ensure future compliance with RBI’s CIC-related reporting and data-accuracy requirements. The action does not indicate a restriction on ongoing banking operations, but it highlights compliance expectations for reporting to credit information companies.

• clause (iii) of sub-section (1) of section 25 read with sub-section (4) of section 23 of the Credit Information Companies (Regulation) Act, 2005
• Credit Information Companies Rules, 2006
• directive on “Membership of Credit Information Companies (CICs)”