PRIMARYRBI Press Releases·2 Jul 2026negative

RBI imposes monetary penalty on Nirmal Urban Co-operative Bank Ltd., Nagpur, Maharashtra

AI Summary

·The Reserve Bank of India has imposed a monetary penalty of ₹1 lakh on Nirmal Urban Co-operative Bank Ltd., Nagpur.
·The penalty is for non-compliance with RBI directions on exposure limits and priority sector lending.
·The RBI's action follows a statutory inspection of the bank as of March 31, 2025.