RBI Imposes ₹3.30 Lakh Penalty on Mumbai Janakalyan Sahakari Bank
Moneylife Digital Team 28 April 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹3.30 lakh on Mumbai-based Janakalyan Sahakari Bank Ltd for non-compliance with directions issued by RBI on exposure ceiling to group borrowers.
 
The statutory inspection of Janakalyan Sahakari Bank, conducted by RBI with reference to its financial position as on 31 March 2025, found that the lender had, in certain instances, breached the prudential exposure limits prescribed for group borrowers.
 
After considering the lender’s reply to the notice, oral submissions made during the personal hearing, and additional submissions made by it, RBI says the charges against Janakalyan Sahakari Bank are sustained, warranting the imposition of a monetary penalty.
 
However, the banking regulator clarified that its action against Janakalyan Sahakari Bank is based on regulatory compliance deficiencies and is not intended to pronounce on the validity of any transactions or agreements entered into by the Bank with its customers. Further, imposition of a monetary penalty is without prejudice to any other action that may be initiated against the Bank, RBI added.
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