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(20/07/2026 18:27)

RBI imposes Rs 13.30 lakh penalty on Kolhapur District Central Co-op Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 13.30 lakh on Kolhapur District Central Co-operative Bank Ltd., Maharashtra, for violating provisions of the Banking Regulation Act, 1949.

The penalty follows a statutory inspection conducted by NABARD based on the bank's financial position as of March 31, 2025. RBI found that the bank had sanctioned loans to directors or related parties, constituting a breach of regulatory provisions.

The central bank clarified that the penalty is based on statutory compliance deficiencies and does not affect the validity of transactions entered into by the bank with its customers.
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