RBI · Enforcement
RBI fines Nasik Road Deolali Vyapari Sahakari Bank ₹2.10 lakh for loan violations
Bank sanctioned loans to directors' relatives, violating RBI norms on loans and advances to interested parties.
What changed
- RBI imposed a monetary penalty of ₹2,10,000 on the bank.
- Penalty for non-compliance with directions on loans to directors' relatives.
The read
The RBI fined the bank ₹2,10,000. It lent to directors' relatives, violating RBI norms on loans to interested parties, a breach confirmed by a March 2025 inspection. This is a compliance action, not a judgment on the loan's validity.
Key numbers
- Penalty: ₹2,10,000
- Order date: June 12, 2026
- Inspection reference: March 31, 2025
Primary source: rbi.org.in