PRIMARYRBI Press Releases·10 Aug 2026neutral

RBI imposes monetary penalty on The Amravati District Central Co-operative Bank Ltd., Maharashtra

AI Summary

·RBI imposed a penalty of ₹50,000 on The Amravati District Central Co-operative Bank Ltd.
·The penalty was for non-compliance with KYC and bank charges directions.
·The inspection was conducted by NABARD with reference to the bank's financial position as on March 31, 2025.