Similarly, a monetary penalty of Rs 1 lakh was imposed on the Jamnagar People’s Cooperative Bank Limited for “contravention of directions issued by the RBI on income recognition, asset classification and provisioning norms for loans and advances”.

Source: https://indianexpress.com/article/cities/ahmedabad/rbi-monetary-penalty-urban-cooperative-banks-in-gujarat-8538299/

The case relates to misappropriation of money belonging to farmers from the Nagpur District Central Cooperative Bank (NDCCB).

Source: https://www.thehindu.com/news/national/other-states/blow-for-congress-as-ex-minister-is-jailed-for-bank-scam/article67666501.ece