MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated September 01, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Dahanu Road Janata Co-operative Bank Ltd., Dahanu Road, Maharashtra (the bank), for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of no...