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 RESERVE BANK OF INDIA
Period covered
  
From To/Uptil
Co-operative Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Cancellation of banking license

  
 
   

Directed registrar of co-operative societies to issue order for winding up of bank and appoint liquidator

  
 
   

Imposed penalty

  
 
   

Issued direction not to grant or renew any loan /advances, make investment, incur liabilities, borrow, deal in properties etc. without approval of RBI in writing

  
 
   

Issued stay order to stop all transactions

  
 
   

Placed under directions & inspection ordered

  
 
   

Prohibited from accepting deposits

  
 
   

Prohibited from disbursing any payments(except to small depositors)

  
 
   

Prohibited from granting/renewing any loans/advances

  
 
   

Prohibited from incurring any liability including borrowal of funds/fresh deposits

  
 
   

Prohibited from making any investment

  
 
   

Prohibited from repaying deposits

  
 
   

Prohibited from selling/transferring any properties/assets

  
 
   

Public cautioned that RBI not granted permission to carry out banking activities

  
 
   

Rejection of application for banking license

  
 
   

Superseded board of directors

  
 
  Reasons for Action
 
 
   

Allowed cheque purchase beyond permissible limits

  
 
   

Allowed interest rebate in loan accounts of directors

  
 
   

Allowed limits beyond exposure ceiling

  
 
   

Allowed remission of debt in various borrowal accounts

  
 
   

Bank’s name without the word “co-operative”

  
 
   

Ceased to be solvent

  
 
   

Delay in filing of first information report (fir)

  
 
   

Did not adhere to anti money laundering (aml) guidelines

  
 
   

Did not adhere to clean note policy

  
 
   

Did not adhere to directions issued by RBI in relation to prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested

  
 
   

Did not adhere to directions/guidelines issued by RBI in relation to maximum limits on unsecured advances/loans

  
 
   

Did not adhere to directives/guidelines relating to share linking norms

  
 
   

Did not adhere to directives/instructions issued by RBI in respect of granting loans for real estate purposes

  
 
   

Did not adhere to instructions issued by RBI in respect of declaration/disbursal of dividend to shareholders

  
 
   

Did not adhere to instructions/directions of reserve bank of india relating to operational instructions

  
 
   

Did not adhere to norms issued by RBI in relation to income recognition, asset classification and provisioning norms

  
 
   

Did not adhere to operational instructions issued by RBI on ceiling on inter-bank deposits

  
 
   

Did not adhere to operational instructions issued by RBI on inspection compliance

  
 
   

Did not adhere to operational instructions issued by RBI related to opening of new branch

  
 
   

Did not adhere to the ceiling as prescribed by RBI on donation

  
 
   

Did not comply instructions issued by reserve bank of india relating to temporary overdraft

  
 
   

Did not comply with “know your customer” norms in opening and/or operating the accounts

  
 
   

Did not comply with directives pertaining to collection of third party account payee cheques

  
 
   

Did not comply with RBI directives/guidelines related to maximum limit on advances to trusts managing colleges in excess of single borrowing norm

  
 
   

Did not comply with RBI regulations

  
 
   

Did not comply with requirements of minimum capital and reserves

  
 
   

Did not display its name properly in its stationery and advertisements

  
 
   

Did not file first information report (fir)

  
 
   

Did not file strs

  
 
   

Did not maintain adequate balance with clearing house

  
 
   

Did not make disclosure of penalty levied in its balance sheet

  
 
   

Did not prepare balance sheet in the format as prescribed for co-operative banks under banking regulation act, 1949

  
 
   

Did not produce audited balance sheets

  
 
   

Did not produce books of accounts before investigationg officer

  
 
   

Did not publish correct amount of loans outstanding in the name of directors/relatives/firms in which they were interested in ‘notes on account’ to balance sheet in annual reports

  
 
   

Did not repay depositors

  
 
   

Did not report frauds to reserve bank of india

  
 
   

Did not submit ctr/str in respect of cash transactions in excess of Rs.10.00 lakhs

  
 
   

Did not submit various returns

  
 
   

Disbursed loans to individuals for purchase of land for more than Rs.25.00 lakh violating guidelines

  
 
   

Displayed short name of the bank

  
 
   

Donated in excess of the prudential limit

  
 
   

Enrolled co-opearive societies as members

  
 
   

Exceeded exposure to housing and real estate sectors

  
 
   

Extended credit facilities to units outside its area of operations

  
 
   

Extremely unsatisfactory financial position

  
 
   

Financed to borrowers outside area of operations

  
 
   

Floated trust for general public in violation of rules

  
 
   

Granted credit facilities to primary co-operative societies

  
 
   

Granted loans to individuals and diversion of amount thereof to concerns in which directors were interested

  
 
   

Granted unsecured advances in excess of prudential individual limit

  
 
   

Granted unsecured advances to director related firm

  
 
   

Granted/renewed loans, accepted fresh deposits and allowed withdrawal of deposits exceeding rs. 1000.00 violating directions issued by RBI

  
 
   

Indulged in activities related to travel agent

  
 
   

Indulged in destruction of records of banking tranasactions

  
 
   

Inordinate delay in reporting of securities transaction reports (strs) without any cogent reason

  
 
   

Irretrievable and weak financial condition

  
 
   

Issued bank guarantee to entity not banking with bank

  
 
   

Issued incorrect compliance certificate furnished for earlier inspection report

  
 
   

Let out its premises to shops, doll museum etc

  
 
   

Major lapses in operations of the bank in terms of lending to the sugar sector

  
 
   

Not available

  
 
   

Opened four collection counters without prior approval of reserve bank of india

  
 
   

Persisting irregularities pointed out in previous inspection report

  
 
   

Planning to open bank in the name of "Indian commercial coop bank ltd." without obtaining licence from RBI

  
 
   

Planning to open bank in the name of "Rajadhani bank ltd." without obtaining licence from RBI

  
 
   

Purchased/discounted cheques beyond ceiling of Rs.0.25 lakh in current accounts

  
 
   

Resorted to evergreening of accounts by closing non-performing loans violating RBI’s guidelines on income recognition and asset classification (irac) and other related matters

  
 
   

Sanctioned overdraft against third party fixed deposits to one of its directors

  
 
   

Submitted inaccurate information to reserve bank of india regarding credit facilities to directors and relatives

  
 
   

Used the word “bank” in its related entities

  
 
   

Violated directions issued by reserve bank of india

  
 
   

Violated directives/guidelines issued by RBI on individual and group exposure limits

  
 
   

Violated directives/guidelines pertaining to ceiling on unsecured advances applicable to urban co-operative banks

  
 
   

Violated directives/guidelines relating to membership to co-operative credit societies

  
 
   

Violated guidelines for granting unsecured credit facilities

  
 
   

Violated guidelines on advances to builders and contractors against security of land

  
 
   

Violated guidelines/directives/exposure norms issued by reserve bank for conducting banking business

  
 
   

Violated instructions issued by Reserve Bank of India in regard to opening of account and monitoring of cash transactions.

  
 
   

Violated instructions on disposal of non-banking assets,donations and purchasing of cheques beyond ceiling of Rs.20 lacs per instr

  
 
   

Violated instructions on persistence of irregularities of previous inspection report and requirement of reporiting of cash transactions in excess of Rs.10.00 lacs to fiu-ind,as requird under aml guidelines

  
 
   

Violated norms for unsecured financial guarantees

  
 
   

Violated operational instructions by sanctioning fresh loans and advances

  
 
   

Violated RBI’s directive / guidelines on opening of on-site atms

  
 
   

Violated RBI’s directived on loans to directors

  
 
   

Violated SUB-SECTION(1) of section 35A of the banking regulation act, 1949

  
 
   

Waived bank guarantee commission to chairman/director/ relatives or to firms/companies in which any of its directors is interested

  
Foreign Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
  Reasons for Action
 
 
   

Did not adhere to anti money laundering (aml) guidelines

  
 
   

Did not adhere to instructions issued by RBI in relation to risk management & inter bank dealings and compliance functions

  
 
   

Did not adhere to instructions issued by RBI in respect of derivatives,such as failure to carry out due diligence in regard to suitability of products,selling derivative products to users not having risk management policies and not verifying underlying/adequacy of underlying and eligible limits under past performance route

  
 
   

Did not comply with “know your customer” norms in opening and/or operating the accounts

  
 
   

Did not comply with RBI directives on derivatives

  
 
   

Did not furnish information to RBI in stipulated time pertaining to a foreign currency loan facility to an offshore special purpose vehicle (spv)

  
Local Area Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Cancellation of banking license

  
 
   

Merger with another bank

  
 
   

Order of moratorium

  
 
   

Withdrawn in-principle approval given for setting up of local area banks

  
 
  Reasons for Action
 
 
   

Affairs conducted in a manner detrimental to the interest of depositors

  
 
   

Delay in setting up of local area banks

  
 
   

Extremely unsatisfactory financial position

  
 
   

General character of management was prejudicial to interest of its present and future depositors

  
Multi Level Marketing Schemes
  14/01/2010  17/05/2013
 
  Actions by RBI
 
 
   

Make investors aware of the dangers of investing in such schemes and they must verify before enrolling in any such scheme whether the said scheme is a money circulation scheme as defined in section 2 (c ) of the prize chits and money circulation (banning) act, 1978.

  
 
  Reasons for Action
 
 
   

Widespread scam in multi level marketing schemes noticed by RBI in various states; under section 3 of prize chits and money circulation schemes (banking) act, 1978, enrolling members to such schemes is a punishable offence

  
Nationalised Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
  Reasons for Action
 
 
   

Did not submit revised returns on grounds of absence of data

  
 
   

Netted the items representing internal and external liabilities in inter-branch accounts,resulting in under-estimation of outside liabilities

  
 
   

Violated instructions issued by Reserve Bank of India in regard to opening of account and monitoring of cash transactions.

  
NBFC
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Appointed special officer to take charge of assets of the company

  
 
   

Cancellation of certificate of authorisation

  
 
   

Cancellation of certificate of registration

  
 
   

Cautioned public about unauthorised companies collecting deposits

  
 
   

Cautioned public against misuse of certificate of registration

  
 
   

Directed company to inform depositors regarding rejection of application for certificate of registration and plan of action for repayment of deposits

  
 
   

Directed to stop allowing use of premises/branches or officials in any manner for accepting deposits from public

  
 
   

Filed petition for winding up of company with high court

  
 
   

Ordered to repay public deposits

  
 
   

Prohibited from accepting deposits

  
 
   

Prohibited from alienating its assets

  
 
   

Prohibited to commence/carry on business as NBFC

  
 
   

Rejection of application for certificate of registration as NBFC

  
 
  Reasons for Action
 
 
   

Adverse conditions found in functioning of the company

  
 
   

Ceased to be non-banking financial institution

  
 
   

Collected deposits from public in contravention of provisions of RBI ACT,1934

  
 
   

Collected money from public in money circulation schemes by making tall promises of high returns

  
 
   

Did not adhere to guidelines on prudential norms

  
 
   

Did not comply with the provisions of RBI act, 1934

  
 
   

Did not repay depositors

  
 
   

Did not surrender certificate of registration

  
 
   

Not available

  
 
   

Not traceable non-banking financial institution

  
 
   

Opted to exit from business of non banking financial institutions

  
 
   

Partnership firm with the name of muthoot estate investments in which promoters of muthoot ficorp ltd. were partners, collected deposits in form of fixed deposits, cumulative deposits and special public deposits from public

  
 
   

Surrendered certificate of registration

  
 
   

Violated directions issued by reserve bank of india

  
 
   

Voluntarily surrendered certificate of authorisation

  
Primary Dealer
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Cancellation of certificate of registration

  
 
   

Rejection of application for renewal of registration

  
 
   

Withdrawn authorization as primary dealer

  
 
  Reasons for Action
 
 
   

Did not comply with the provisions of RBI act, 1934

  
 
   

Did not fulfill minimum eligibility criteria

  
 
   

Surrendered certificate of registration

  
Private Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
   

Merger with another bank

  
 
   

Order of moratorium

  
 
  Reasons for Action
 
 
   

Bank’s control systems failed in detecting irregularities

  
 
   

Deleted records in bank’s it systems

  
 
   

Did not adhere to anti money laundering (aml) guidelines

  
 
   

Did not adhere to instructions issued by RBI in respect of derivatives,such as failure to carry out due diligence in regard to suitability of products,selling derivative products to users not having risk management policies and not verifying underlying/adequacy of underlying and eligible limits under past performance route

  
 
   

Did not comply with “know your customer” norms in opening and/or operating the accounts

  
 
   

Did not comply with RBI directives on derivatives

  
 
   

Did not comply with RBI regulations

  
 
   

Did not comply with the provisions of RBI act, 1934

  
 
   

Did not ensure adequate and effective arrangements by constituent to meet commitment while granting letter of credit facility

  
 
   

Did not provide certain documents sought by RBI and misrepresented that such documents were not available

  
 
   

Extremely unsatisfactory financial position

  
 
   

Irregularities in conduct of accounts of a corporate group

  
 
   

Violated guidelines issued by reserve bank of india in regard to opening of accounts including joint accounts

  
 
   

Violated guidelines issued by reserve bank of india relating to ipo(initial public offering)financing

  
 
   

Violated RBI regulations by not ensuring end-use of bank's funds lent to borrowers

  
 
   

Violated SUB-SECTION(1) of section 35A of the banking regulation act, 1949

  
Public Sector Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
  Reasons for Action
 
 
   

Did not adhere to instructions issued by RBI in respect of derivatives,such as failure to carry out due diligence in regard to suitability of products,selling derivative products to users not having risk management policies and not verifying underlying/adequacy of underlying and eligible limits under past performance route

  
Regional Rural Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
  Reasons for Action
 
 
   

Defaulted in maintenance of Cash Reserve Ratio

  
 
   

Did not comply with “know your customer” norms in opening and/or operating the accounts

  
Residuary Non-banking Co.
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Ordered to lodge all securities held in custody with the designated bank for custody

  
 
   

Ordered to repay public deposits

  
 
   

Prohibited from accepting deposits

  
 
  Reasons for Action
 
 
   

Violated directions issued by reserve bank of india

  
Satellite Dealer
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Cancellation of certificate of registration

  
 
  Reasons for Action
 
 
   

Business taken over by another company

  
Scheduled Co-operative Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Cancellation of banking license

  
 
   

Directed registrar of co-operative societies to issue order for winding up of bank and appoint liquidator

  
 
   

Prohibited from disbursing any payments(except to small depositors)

  
 
   

Prohibited from entering into any arrangements

  
 
   

Prohibited from granting/renewing any loans/advances

  
 
   

Prohibited from incurring any liability including borrowal of funds/fresh deposits

  
 
   

Prohibited from making any investment

  
 
   

Prohibited from selling/transferring any properties/assets

  
 
   

Rejection of application for banking license

  
 
   

Winding up of bank

  
 
  Reasons for Action
 
 
   

Affairs conducted in a manner detrimental to the interest of depositors

  
 
   

Did not comply with RBI regulations

  
 
   

Did not comply with the requirements of provisions of sections 11(1), 22(3)(A) and 22(3)(B) of the banking regulation act, 1949 (as applicable to co-operative societies)

  
 
   

Did not pay debts

  
 
   

Extremely unsatisfactory financial position

  
 
   

Irretrievable and weak financial condition

  
Urban Co-operative Banks
  01/08/1996  17/05/2013
 
  Actions by RBI
 
 
   

Cancellation of banking license

  
 
   

Directed registrar of co-operative societies to issue order for winding up of bank and appoint liquidator

  
 
   

Imposed penalty

  
 
   

Issued direction not to grant or renew any loan /advances, make investment, incur liabilities, borrow, deal in properties etc. without approval of RBI in writing

  
 
   

Liquidator appointed by state government

  
 
   

Ordered to repay public deposits

  
 
   

Placed under directions

  
 
   

Prohibited from carrying on 'banking business' including acceptance and repayment of deposit

  
 
   

Prohibited from disbursing any payments(except to small depositors)

  
 
   

Prohibited from entering into any arrangements

  
 
   

Prohibited from granting secured loans against certain securities

  
 
   

Prohibited from granting/renewing any loans/advances

  
 
   

Prohibited from incurring any liability including borrowal of funds/fresh deposits

  
 
   

Prohibited from making any investment

  
 
   

Prohibited from selling/transferring any properties/assets

  
 
   

Public cautioned that RBI not granted permission to carry out banking activities

  
 
   

Rejection of application for banking license

  
 
  Reasons for Action
 
 
   

Allowed limits beyond exposure ceiling

  
 
   

Ceased to be solvent

  
 
   

Did not adhere to anti money laundering (aml) guidelines

  
 
   

Did not adhere to directions issued by RBI in relation to prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested

  
 
   

Did not adhere to directions/guidelines issued by RBI in relation to maximum limits on unsecured advances/loans

  
 
   

Did not adhere to directives/guidelines relating to admission of co-operative societies as nominal members

  
 
   

Did not adhere to directives/guidelines relating to share linking norms

  
 
   

Did not adhere to directives/instructions issued by RBI in respect of granting loans for real estate purposes

  
 
   

Did not adhere to the ceiling as prescribed by RBI on donation

  
 
   

Did not adhere to the ceiling as prescribed by RBI on levy of service charges on customers

  
 
   

Did not comply with “know your customer” norms in opening and/or operating the accounts

  
 
   

Did not comply with RBI regulations

  
 
   

Did not comply with the provisions of RBI act, 1934

  
 
   

Extremely unsatisfactory financial position

  
 
   

Irretrievable and weak financial condition

  
 
   

Submitted inaccurate information to reserve bank of india regarding credit facilities to directors and relatives

  
 
   

Unauthorised use of word "bank" without prior permission/licence from Reserve Bank of India

  
 
   

Violated directions issued by reserve bank of india

  
 
   

Violated directives/guidelines issued by RBI on individual and group exposure limits

  
 
   

Violated directives/guidelines pertaining to ceiling on unsecured advances applicable to urban co-operative banks

  
 
   

Violated guidelines for granting unsecured credit facilities

  
 
   

Violated guidelines/directives/exposure norms issued by reserve bank for conducting banking business

  
 
   

Violated instructions issued by reserve bank of india on membership of co-operative societies,conduct of non-banking business,use of word”bank”in the name of another institution and share linking norms

  
 
   

Violated instructions on persistence of irregularities of previous inspection report and requirement of reporiting of cash transactions in excess of Rs.10.00 lacs to fiu-ind,as requird under aml guidelines

  
 
   

Violated operational instructions by sanctioning fresh loans and advances

  
 
   

Violated provisions of section 31 of banking regulation, act 1949 relating to publication / submission of accounts and balance sheet

  
 
   

Violated SUB-SECTION(1) of section 35A of the banking regulation act, 1949

  
 
   

Waived interest on advance which was related to a director of the bank

  
 REGULATORY ACTIONS PRESENTLY COVERED BY THIS WEBSITE
Period covered
  
From To/Uptil
ASSOCIATION OF MUTUAL FUNDS OF INDIA,THE
Alphabetical Chronological
 
   30/04/2013
BANKS
Alphabetical Chronological
 
 29/03/2000  12/09/2008
BSE LTD.
Alphabetical Chronological
 
 05/06/1995  16/05/2013
CENTRAL BOARD OF EXCISE & CUSTOMS
Alphabetical Chronological
 
 01/04/2003  30/04/2013
CENTRAL BUREAU OF INVESTIGATION
Alphabetical Chronological
 
 05/04/2001  16/05/2013
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
Alphabetical Chronological
 
 15/03/2004  01/05/2013
COMPANY LAW BOARD
Alphabetical Chronological
 
COURTS
Alphabetical Chronological
 
   25/02/2011
DEBT RECOVERY TRIBUNALS
Alphabetical Chronological
 
 16/08/2000  20/04/2013
DELHI STOCK EXCHANGE LTD.
Alphabetical Chronological
 
 31/03/2002  30/03/2010
EMPLOYEES' PROVIDENT FUND ORGANISATION
Alphabetical Chronological
 
   31/03/2012
EXCISE AND TAXATION DEPARTMENT
Alphabetical Chronological
 
 01/04/1969  31/03/2007
INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Alphabetical Chronological
 
INSURANCE REGULATORY & DEVELOPMENT AUTHORITY
Alphabetical Chronological
 
 16/08/2002  17/05/2013
INTER-CONNECTED STOCK EXCHANGE
Alphabetical Chronological
 
   08/12/2009
MCX STOCK EXCHANGE LTD.
Alphabetical Chronological
 
   01/03/2013
MINISTRY OF CORPORATE AFFAIRS, EASY EXIT SCHEME
Alphabetical Chronological
 
MINISTRY OF CORPORATE AFFAIRS, OFFICIAL LIQUIDATORS
Alphabetical Chronological
 
   08/04/2007
MINISTRY OF CORPORATE AFFAIRS, REGISTRARS OF COMPANIES
Alphabetical Chronological
 
MINISTRY OF CORPORATE AFFAIRS, SERIOUS FRAUD INVESTIGATION OFFICE
Alphabetical Chronological
 
   30/04/2013
MINISTRY OF CORPORATE AFFAIRS, SIMPLIFIED EXIT SCHEME
Alphabetical Chronological
 
MINISTRY OF CORPORATE AFFAIRS, VANISHING COMPANIES
Alphabetical Chronological
 
   20/01/2010
MINISTRY OF FINANCE, DEPARTMENT OF REVENUE
Alphabetical Chronological
 
   03/01/2011
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD.
Alphabetical Chronological
 
   09/04/2011
NATIONAL HOUSING BANK
Alphabetical Chronological
 
   30/04/2013
NATIONAL SECURITIES DEPOSITORY LTD.
Alphabetical Chronological
 
 19/11/2004  03/05/2013
NATIONAL STOCK EXCHANGE OF INDIA LTD.
Alphabetical Chronological
 
 01/01/2000  06/05/2013
RESERVE BANK OF INDIA
Alphabetical Chronological
 
 01/08/1996  17/05/2013
SECURITIES AND EXCHANGE BOARD OF INDIA (For only consent orders click here)
Alphabetical Chronological
 
 01/01/1997  11/05/2013
 OTHER SOURCES IN THE OFFING
 
BOARD FOR INDUSTRIAL & FINANCIAL RECONSTRUCTION
CREDIT INFORMATION BUREAU (INDIA) LTD.
ECONOMIC OFFENCES WING
ENFORCEMENT DIRECTORATE
ENVIRONMENT POLLUTION BOARD
FINANCIAL INSTITUTIONS
INCOME TAX DEPARTMENT
INSTITUTE OF COMPANY SECRETARIES OF INDIA,THE
INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA
LABOUR DEPARTMENT
RATING AGENCIES
SERVICE TAX
STATE FINANCIAL CORPORATIONS
STATE INDUSTRIAL DEVELOPMENT CORPORATIONS
 

 

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