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releaseRBIMonday, 20 July 2026

RBI imposes monetary penalty on Kolhapur District Central Co-op Bank Ltd., Maharashtra

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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen Lakh Thirty Thousand only) on Kolhapur District Central Co-op Bank Ltd., Maharashtra (the bank) for non-compliance with certain provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and
Key Facts
TypeRelease
SourceReserve Bank of India
PublishedMonday, 20 July 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Rs 15,000 crore for Digital India initiatives
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Electronics & IT
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsInternet UsersTech CompaniesStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy478 tracked→Digital & Technology1215 tracked→Energy377 tracked→
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