RBI fines Raigad DCC Bank for director loans and CIC data gaps
Source: Reserve Bank of India · Press Release prid 63243 · ~2 min read
RBI imposed a ₹10.10 lakh penalty on Raigad District Central Co-operative Bank for sanctioning a director-related loan and failing to report borrower credit data to all Credit Information Companies. This 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=63243 — summary by BankPulse (bankpulse.ai).
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