RBI imposes monetary penalty on Raigad District Central Co-operative Bank Ltd., Maharashtra
Share
Cite this▾
Citations are auto-generated; verify before publishing. The notification classification is PolicyDhara's, not the source's.
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 (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
Key Facts
TypeNotification
SourceReserve Bank of India
PublishedMonday, 27 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
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionSunday, 2 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionMonday, 3 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionTuesday, 4 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
DescriptionWednesday, 5 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People s Co-operative...
DescriptionWednesday, 5 August 2026via policyradar
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited...
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects’. Under this scheme, working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded three prizes of ₹1,25,000.00 (One lakh twenty-five thousand) each for writing books originally in Hindi on subjects related to Economi
The United Nations defines the “sustainable energy transition” as a structural shift away from fossil fuels toward a system centered on renewable energy. Crucially, the UN emphasises that a truly “just transition” must prioritise equity and inclusion—ensuring that clean energy systems are accessible to all segments of society, leaving no one behind. When discussing the […] The post The Power of Choice in Urban Mobility: Lessons from Delhi’s Clean Transport Transitio