Wardha District Ashirwad Mahila Nagari Sahakari Bank Maryadit, Hinganghat, Maharashtra

RBI imposed a monetary penalty after a statutory inspection and supervisory findings showed non-compliance with RBI directions on ‘Exposure Norms & Statutory/ Other Restrictions – UCBs’. The sustained charge was that the bank failed to adhere to the prescribed regulatory ceiling on certain advances. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, after considering the bank’s reply, additional submissions, and oral hearing.

The bank must bear the ₹20,000 penalty, and the order serves as a regulatory censure for breaching exposure norms. The release states the penalty is without prejudice to any other action RBI may initiate separately; no operational restriction is imposed by this order.