Kolhapur District Central Co-operative Bank Ltd., Kolhapur, Maharashtra

RBI imposed a ₹2.10 lakh penalty on Kolhapur District Central Co-operative Bank Ltd., Kolhapur, Maharashtra. The penalty was for contravention of Section 20 read with Section 56 of the Banking Regulation Act, 1949.

The bank must absorb the monetary penalty and any related compliance scrutiny from RBI. The order does not itself impose a business restriction, but it signals supervisory concern over lending decisions involving conflicted directors and may prompt tighter internal controls and further regulatory review.

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

RBI imposed a Rs 5 lakh penalty on Kolhapur District Central Co-operative Bank Ltd., Kolhapur. The action was for violations of KYC and AML guidelines.

The bank must bear the financial penalty and the finding of regulatory non-compliance. There is no stated operational restriction in this release, but the adverse regulatory action may affect supervisory scrutiny and compliance expectations going forward.

• Section 46 read with Section 47A of the Banking Regulation Act, 1949 (AACS)