India, Jan. 22 -- 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 ...