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RBI fines Shri Baria Nagarik Sahakari Bank for audit lapse

Source: Reserve Bank of India · Press Release prid 63220 · ~1 min read

RBI imposed a ₹1 lakh penalty on Shri Baria Nagarik Sahakari Bank for failing to conduct internal audit from April 1, 2023 to March 31, 2025, violating inspection and audit directions for primary (urban) co-operative banks.

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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63220 — summary by BankPulse (bankpulse.ai).
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