The Reserve Bank of India (RBI), by an order dated January 20, 2026, has imposed a monetary penalty of Rs 2.10 lakh on Pimpri Chinchwad Sahakari Bank Maryadit, Pimpri, Maharashtra, for non-compliance with RBI directions on Exposure Norms and Statutory/Other Restrictions. The penalty has been levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act.

The action follows a statutory inspection conducted with reference to the bank’s financial position as on March 31, 2025. Based on supervisory findings, RBI issued a show-cause notice to the bank. After examining the bank’s response, the regulator found that the bank had breached the prescribed limits on unsecured advances, warranting the imposition of the monetary penalty.

RBI clarified that the penalty is based on deficiencies in regulatory compliance and does not reflect on the validity of any transactions or agreements entered into by the bank with its customers. The action is without prejudice to any other regulatory measures that RBI may initiate against the bank.