Amravati Merchants Bank Penalised ₹50k

Relevant Extracted Data –

RBI, by an order dated June 4 2026, imposed a monetary penalty of ₹50,000 on The Amravati Merchants Sahakari Bank Ltd for non‑compliance with RBI directions on loans and advances to directors, their relatives and firms in which they are interested.
The statutory inspection covered the bank’s financial position as of 31 March 2025; RBI found that the bank had sanctioned director‑related loans, violating the prescribed guidelines.
After issuing a show‑cause notice, considering the bank’s written reply, additional submissions and oral arguments at a personal hearing, RBI confirmed the breach and imposed the penalty, stating the action is without prejudice to any further action.
RBI clarified that the penalty does not comment on the validity of any transaction or agreement between the bank and its customers.

No auction results, money market operations, foreign exchange turnover, surveys, or borrowing/liquidity data were disclosed in this release.