MUMBAI, India, July 10 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBl) has, by an order dated July 07, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Mahesh Urban Cooperative Bank Limited, Parli Vaijnath, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on 'Exposure Norms and Statutory / Other Restrictions - UCBs' and 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 t...