India, April 23 -- The Reserve Bank of India has imposed a monetary penalty of Rs 80,000 on Dr. Babasaheb Ambedkar Nagari Sahakari Bank Ltd., Aurangabad, for non-compliance with regulatory directions.
The penalty, imposed through an order dated April 17, 2026, relates to violations of RBI guidelines on 'Exposure Norms & Statutory/Other Restrictions – UCBs' and operational instructions under the Supervisory Action Framework (SAF). The action has been taken under the provisions of the Banking Regulation Act, 1949.
The RBI's statutory inspection of the bank, based on its financial position as of March 31, 2025, revealed lapses including breach of prescribed limits on certain advances and offering deposit interest rates higher than thos...