<h1>RBI fines Kisan Nagari Sahakari Bank Rs. 5 lakh for breaching Banking Regulation Act, 1949, co-operative society provisions.</h1> The Reserve Bank of India imposed a monetary penalty of Rs. 5 lakh on Kisan Nagari Sahakari Bank Maryadit, Parbhani, for violating provisions under the Banking Regulation Act, 1949, applicable to co-operative societies. The violations involved non-disclosure of a bank guarantee and non-compliance with RBI directives on guarantees, co-acceptance, and letters of credit. Despite the bank's written response to a show cause notice, the RBI determined that the violations were substantiated, justifying the penalty.