RBI imposes monetary penalty on The Amravati Merchants Sahakari Bank Ltd., Amravati, Maharashtra
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Summary
The Reserve Bank of India (RBl) has, by an order dated June 4, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Amravati Merchants Sahakari Bank Ltd., Amravati, Maharashtra (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 Section