Sindhudurg District Central Co-operative Bank Limited

RBI imposed a monetary penalty of ₹13.30 lakh on Sindhudurg District Central Co-operative Bank Ltd., Maharashtra.

The bank must absorb the monetary penalty of ₹13.30 lakh; the order does not by itself direct operational restrictions, but it signals supervisory non-compliance and leaves RBI free to initiate any further action as permissible. There is no stated immediate impact on depositors or customers beyond the penalty and compliance implications.

• section 20(1) 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 imposed a ₹2 lakh penalty on Sindhudurg District Central Co-operative Bank Limited, Maharashtra. The bank was penalized for violating lending-related provisions by sanctioning loans to its directors.

The bank must absorb the monetary penalty, but the release does not impose any additional operational restriction. The RBI also notes that the penalty is without prejudice to any other action that may be initiated separately.

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