India, Nov. 20 -- The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of Rs. 1 lakh (Rupees One Lakh only) on Shri Basaveshwar Sahakari Bank Niyamitha, Bagalkot, Karnataka (the bank) for non-compliance with certain directions issued by RBI on 'Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs' and 'Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016'. 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 p...