Regulatory Alerts2026-06-08
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RBI imposes monetary penalty on The Amravati Merchants Sahakari Bank Ltd., Amravati, Maharashtra
The Reserve Bank of India imposed a monetary penalty of ₹50,000 on The Amravati Merchants Sahakari Bank Ltd. for non-compliance with directions regarding loans and advances to directors, their relatives, and firms in which they are interested. The penalty was determined following a statutory inspection of the bank's financial position as of March 31, 2025, and subsequent supervisory findings that the bank had sanctioned certain director-related loans. This action is based on deficiencies in regulatory compliance and is without prejudice to any other action that may be initiated by the RBI against the bank.
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