PRIMARYRBI Press Releases·16 Jun 2026negative

RBI imposes monetary penalty on Mahila Co-operative Bank Ltd., Bangalore, Karnataka

AI Summary

·RBI imposed a penalty of ₹5 lakh on Mahila Co-operative Bank Ltd., Bangalore.
·The penalty is for non-compliance with RBI directions on loans and advances to directors.
·The inspection was conducted with reference to the bank's financial position as on March 31, 2025.