RBI imposes monetary penalty on The Nasik Road Deolali Vyapari Sahakari Bank Ltd., Nashik
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Summary
The Reserve Bank of India (RBI) has, by an order dated June 12, 2026, imposed a monetary penalty of ₹2,10,000/- (Rupees Two Lakh Ten Thousand only) on The Nasik Road Deolali Vyapari Sahakari Bank Ltd., Nashik (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Sectio