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RBI fines Kolhapur District Central Co-op Bank for director-related loans

Source: Reserve Bank of India · Press Release prid 63193 · ~1 min read

RBI imposed a ₹13.30 lakh penalty on Kolhapur District Central Co-op Bank for sanctioning loans to its directors, violating Section 20(1) of the Banking Regulation Act. This action follows an inspection by NABARD and confirms non-compliance with statutory lending restrictions.

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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63193 — summary by BankPulse (bankpulse.ai).
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