RBI fines Sangli District Central Co-op Bank for director-related loans
Source: Reserve Bank of India · Press Release prid 63242 · ~1 min read
RBI imposed a ₹7 lakh penalty on Sangli District Central Co-operative Bank for violating the Banking Regulation Act by sanctioning loans to its directors. The action follows a NABARD inspection and show-cause process.
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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63242 — summary by BankPulse (bankpulse.ai).
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