PRIMARYRBI Press Releases·27 May 2026neutral

RBI imposes monetary penalty on The Lunawada People’s Co-operative Bank Ltd., Dist. Mahisagar, Gujarat

AI Summary

·The Reserve Bank of India imposed a penalty of ₹2 lakh on The Lunawada People’s Co-operative Bank Ltd.
·The penalty was for non-compliance with RBI directions on loans and advances to directors.
·The inspection of the bank was conducted with reference to its financial position as on March 31, 2025.