RBI Imposes ₹1 Lakh Penalty on Nandura Urban Cooperative Bank
Moneylife Digital Team 20 January 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1 lakh on Maharashtra-based Nandura Urban Cooperative Bank Ltd for non-compliance with its directions on exposure norms and statutory and other restrictions applicable to urban cooperative banks (UCBs).
 
The statutory inspection of Nandura Urban Cooperative Bank revealed that the lender had sanctioned loans in excess of the prescribed regulatory limit to certain nominal members.
 
After considering the lender's reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI says the charges against Nandura Urban Cooperative Bank are sustained, warranting imposition of a monetary penalty.
 
However, the banking regulator clarified that its action against Nandura Urban Cooperative 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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