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RBI fines Manmad Urban Co-op Bank for director-relative loan

Source: Reserve Bank of India · Press Release prid 63194 · ~1 min read

RBI imposed a ₹1 lakh penalty on Manmad Urban Co-operative Bank for sanctioning a loan to a director's relative, violating RBI's related-party lending directions. The action follows a statutory inspection as of March 31, 2025, and a show-cause process.

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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63194 — summary by BankPulse (bankpulse.ai).
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