<h1>RBI Fines Nagrik Sahakari Bank Rs. 5 Lakh for Violating Loan Rules to Directors Under Banking Regulation Act, 1949.</h1> The Reserve Bank of India has fined Nagrik Sahakari Bank Ltd., Indore, Rs. 5 lakh for violating directives under the Banking Regulation Act, 1949, specifically concerning loans and advances to directors, their relatives, and associated firms. The penalty was imposed following a show cause notice and a review of the bank's written response. The action was taken under the authority of Section 47A(1)(b) and Section 46(4) of the Act, which applies to cooperative societies, highlighting non-compliance with operational instructions issued by the RBI.