Pandharpur Urban Coop Bank Penalised ₹2 Lakh

RBI imposed a monetary penalty of ₹2 lakh on Pandharpur Urban Co-operative Bank Ltd for non‑compliance with asset classification directions.
The penalty follows RBI’s statutory inspection covering the bank’s financial position as of 31 March 2025 and a show‑cause process.
RBI found the bank had sanctioned extra credit to borrowers to repay existing non‑performing loans, breaching regulatory norms.
The penalty is imposed under Section 47A(1)(c) of the Banking Regulation Act, without prejudice to further RBI action.