PRIMARYRBI Press Releases·23 Jul 2026neutral

RBI imposes monetary penalty on Shri Baria Nagarik Sahakari Bank Ltd., Baria, Gujarat

AI Summary

·RBI imposed a penalty of ₹1 lakh on Shri Baria Nagarik Sahakari Bank Ltd.
·The penalty is for non-compliance with RBI directions on ‘Inspection & Audit Systems in Primary (Urban) Co-operative Banks’.
·The bank's financial position was inspected as of March 31, 2025.