RBI on May 6 said it has imposed a monetary penalty on Odisha Gramya Bank for violating rules. The apex bank imposed a monetary penalty of Rs 1.5 lakh on the cooperative bank, RBI said. RBI said that the penalty was imposed for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms - Provisioning, Asset Classification and Exposure Limit’ and ‘Regional Rural Banks.