<h1>RBI Fines CKP Co-operative Bank Rs. 5 Lakh for Multiple Regulatory Breaches, Including Unauthorized Financing and Loan Irregularities.</h1> The Reserve Bank of India imposed a monetary penalty of Rs. 5 lakh on CKP Co-operative Bank Ltd., Mumbai, for violating several banking regulations. These violations included improper opening of on-site ATMs, unauthorized financing outside operational areas, breaching exposure limits on housing and real estate, and issuing loans to directors. The bank also failed to report suspicious transactions and exceeded limits on unsecured advances. Additionally, it sanctioned overdrafts against third-party fixed deposits for a director. After reviewing the bank's response to a show cause notice, the RBI found the violations substantiated, leading to the penalty imposition.