RBI imposed a ₹16.30 lakh penalty on Shree Kadi Nagarik Sahakari Bank Ltd for breaching exposure norms and advance management.
The penalty follows RBI’s statutory inspection covering the bank’s financials as of March 31, 2025, and a show‑cause process.
RBI cited two violations: exceeding prudential exposure limits for connected borrowers and failure to verify end‑use of loan funds.
The action is without prejudice to any further regulatory measures RBI may take against the bank in the future.