The Satara Sahakari Bank Limited, Mumbai

RBI imposed a ₹2 lakh penalty on The Satara Sahakari Bank Ltd., Mumbai, for violating prudential capital adequacy and exposure-limit directions. The bank had refunded share capital despite low CRAR and exceeded the single borrower exposure limit in some cases.

The bank must absorb the monetary penalty and address the compliance weaknesses identified by RBI. The order does not itself restrict operations, but the findings may lead to further supervisory scrutiny if similar lapses continue.

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

RBI has imposed a ₹2 lakh penalty on The Satara Sahakari Bank Limited, Mumbai. The action was taken for non-compliance with Banking Regulation Act provisions and capital adequacy directions.

The bank must absorb the monetary penalty and remain subject to RBI supervision. The order does not by itself bar operations or alter customer contracts, but it signals regulatory non-compliance and may be followed by further action if RBI deems necessary.

• section 12(2) 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 Rs 4 lakh penalty on The Satara Sahakari Bank Ltd., Mumbai for violating directions on advances and exposure norms for UCBs. The bank was found to have weak end-use monitoring and to have sanctioned unsecured advances above permitted limits.

The bank must absorb the monetary penalty and ensure tighter compliance with RBI’s lending/exposure norms going forward, especially monitoring end use of funds and limits on unsecured advances. The order does not invalidate customer transactions, but it signals enhanced regulatory scrutiny on the bank’s credit and compliance practices.

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