<h1>RBI fines Vananchal Gramin Bank Rs. 50,000 for violating Branch Licensing Guidelines u/ss 47A and 46(4).</h1> The Reserve Bank of India (RBI) has fined Vananchal Gramin Bank, located in Dumka, Jharkhand, Rs. 50,000 for breaching Branch Licensing Guidelines. This action was taken under the authority of Section 47A and Section 46(4) of the Banking Regulation Act, 1949. Following a show cause notice issued by the RBI, the bank provided a written response. After reviewing the case details, the bank's reply, and personal submissions, the RBI determined that the violations were confirmed, justifying the penalty.