India, May 6 -- The Reserve Bank of India (RBl) has, by an order dated May 02, 2025, imposed a monetary penalty of Rs. 50,000/- (Rupees Fifty Thousand only) on Siddheshwar Urban Co-operative Bank Maryadit, Sillod, Aurangabad, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (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(4)(i) and 56 of the BR Act.The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions a...