The Reserve Bank of India (RBI), through 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 certain regulatory directions related to Exposure Norms and Statutory / Other Restrictions.

The penalty has been levied under the powers conferred on the RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act.

The action follows a statutory inspection of the bank conducted with reference to its financial position as on March 31, 2025. Based on supervisory findings of regulatory non-compliance, the RBI issued a show-cause notice to the bank. After examining the bank’s response, the central bank concluded that the charge of breaching the prescribed limit on unsecured advances was sustained, warranting the imposition of a monetary penalty.

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