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notificationRBIThursday, 23 July 2026

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

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Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.
Summary
The Reserve Bank of India (RBl) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Shri Baria Nagarik Sahakari Bank Ltd., Baria, Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Inspection & Audit Systems in Primary (Urban) Co-operative Banks’. 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 56 of t
Key Facts
TypeNotification
SourceReserve Bank of India
PublishedThursday, 23 July 2026
Affected Population~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Ministry of Electronics & ITTRAICERT-InMinistry of FinanceRBI
Key Stakeholders
Internet UsersTech CompaniesStartupsTaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Digital & Technology1199 tracked→Finance & Economy469 tracked→Energy368 tracked→
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