Shree Kadi Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat

RBI imposed a monetary penalty of Rs 16.30 lakh on Shree Kadi Nagarik Sahakari Bank Ltd., Gujarat. The penalty was for breaching exposure norms and failing to ensure end-use of funds on certain loans.

The bank must absorb the financial penalty and remain subject to RBI supervisory oversight. The order does not itself restrict operations or invalidate customer transactions, but it signals compliance deficiencies and leaves open the possibility of further RBI action.

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

RBI has imposed a monetary penalty of Rs 14.30 lakh on Shree Kadi Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat. The bank was found non-compliant with RBI directions on related-party-linked donations and management of advances.

The bank must pay the monetary penalty, but the release does not impose an operational restriction or license action. The findings remain a supervisory compliance matter and may be followed by any other action RBI deems appropriate in future.

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