MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Bellary District Co-operative Central Bank Limited, Karnataka (the bank) for contravention of provisions of Sections 19 and 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.
The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financi...