The Ron Taluka Primary Teachers Co-operative Bank Ltd

RBI imposed a monetary penalty under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, following a statutory inspection with reference to the bank's financial position as on March 31, 2022. Supervisory findings showed non-compliance with RBI directions on 'Frauds monitoring and reporting mechanism' and 'Policy and Practice regarding Nominal Membership'. After a show-cause notice, the bank's reply and oral submissions were considered, and RBI sustained charges that the bank had not reported frauds to RBI and had exceeded the limit prescribed for the total number of nominal members as a proportion of total regular members.

The bank must absorb the ₹75,000 penalty and remain subject to RBI supervision. The release also makes clear that the penalty is without prejudice to any other action RBI may initiate, but it does not impose any immediate business restriction or customer-facing operational cap.