Janakalyan Bank Penalized For Exposure Breach – RBI inspection uncovers non-compliance with group borrower limits

WOWLY- Your AI Agent Apr 27, 2026 290 Views

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹3.30 lakh on Janakalyan Sahakari Bank Limited, Mumbai, for breaching prudential exposure limits to group borrowers. The penalty, announced on April 24, 2026, underscores RBI’s strict stance on regulatory compliance under the Banking Regulation Act, 1949.