RBI · Enforcement
RBI imposes ₹1 lakh penalty on Rajnandgaon Kendriya Sahakari Bank
Penalty for paying extra interest to ineligible depositors.
What changed
- RBI penalized Rajnandgaon Kendriya Sahakari Bank
- Bank paid additional interest to ineligible depositors
- Penalty of ₹1 lakh imposed on July 16, 2026
The read
RBI fined Rajnandgaon Kendriya Sahakari Bank ₹1 lakh for violating deposit interest rules. The bank paid extra interest to certain ineligible depositors, as found by NABARD inspection. The penalty, imposed under Banking Regulation Act, is not a judgment on customer transactions.
Key numbers
- Penalty: ₹1 lakh
- Order date: July 16, 2026
- Inspection reference: March 31, 2025
Primary source: rbi.org.in