The Prathamik Shikshak Sahakari Bank Limited

RBI imposed a ₹2 lakh penalty on Prathamik Shikshak Sahakari Bank Ltd., Satara, Maharashtra. The action followed non-compliance with RBI directions on lending against term deposits and gold loans to non-members.

The bank must absorb the ₹2 lakh penalty; the release does not impose a new operating restriction beyond the fine. RBI’s findings may also leave open the possibility of additional supervisory or enforcement action, but no further action is specified in this release.

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

RBI imposed a ₹1 lakh penalty on The Prathamik Shikshak Sahakari Bank Limited, Satara, for violating RBI directions on management of advances. The bank had sanctioned gold loans beyond the prescribed limit under the bullet repayment scheme.

The bank must absorb the financial penalty and ensure future lending practices comply with RBI’s advances norms, especially limits on gold loans under bullet repayment schemes. The action does not invalidate customer transactions, but it signals tighter regulatory scrutiny of the bank’s lending operations.

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

RBI imposed a Rs 2 lakh penalty on Prathamik Shikshak Sahakari Bank Ltd., Satara for non-compliance with exposure norms. The breach related to the prudential inter-bank single counterparty limit.

The bank must absorb the financial penalty and improve compliance with RBI exposure norms, especially the inter-bank single counterparty limit. The order does not by itself invalidate customer transactions, but it signals stricter supervisory scrutiny over the bank's prudential compliance going forward.

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