Case brief
RBI imposed a ₹1 lakh penalty on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal. The bank was found to have breached prudential inter-bank gross exposure and counterparty exposure limits.
Impact
The bank must absorb the monetary penalty and remain exposed to any further supervisory or enforcement action RBI may initiate separately. No direct operational restriction is described in the release, but the finding signals non-compliance in exposure management and may invite closer supervisory scrutiny.
Why RBI acted
Regulatory basis
- Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949