India, Dec. 29 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.10 lakh on Kolhapur District Central Co-operative Bank Ltd., Kolhapur, Maharashtra, for contravention of the provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949.
The penalty was levied through an order dated December 22, 2025, in exercise of powers conferred under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act. The action followed a statutory inspection conducted by NABARD, with reference to the bank's financial position as on March 31, 2024.
Based on supervisory findings, RBI issued a show-cause notice to the bank seeking an explanation for the violation. After considering the bank's w...