MUMBAI, India, July 21 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBl) has, by an order dated July 16, 2025, imposed a monetary penalty of ₹6 lakh (Rupees Six Lakh only) on Motiram Agrawal Jalna Merchants Co-operative Bank Limited, Jalna, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on 'Loans and advances to directors, relatives and firms / concerns in which they are interested' and 'Limits on exposure to single and group borrowers / parties and large exposures and Revision in the target for priority sector lending - UCBs'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(...