PRIMARYRBI Press Releases·27 Jul 2026neutral

RBI imposes monetary penalty on Jilla Sahakari Kendriya Bank Maryadit, Shajapur, Madhya Pradesh

AI Summary

·The Reserve Bank of India imposed a penalty of ₹1 lakh on Jilla Sahakari Kendriya Bank Maryadit, Shajapur.
·The penalty was for contravention of Section 26A read with Section 56 of the Banking Regulation Act, 1949.
·The bank's financial position was inspected by NABARD as of March 31, 2025.