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 RESERVE BANK OF INDIA
Period covered
  
From To/Uptil
Co-operative Bank
  01/08/1996  30/08/2010
 
  Actions by RBI
 
 
   

Cancellation of banking license

  
 
   

Cancellation of certificate of registration

  
 
   

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 repaying deposits

  
 
   

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

  
 
   

Rejection of application for banking license

  
 
  Reasons for Action
 
 
   

Allowed cheque purchase beyond permissible limits

  
 
   

Allowed limits beyond exposure ceiling

  
 
   

Allowed remission of debt in various borrowal accounts

  
 
   

Ceased to be solvent

  
 
   

Did not follow know your customer/anti money laundering guidelines in opening and conduct of certain accounts

  
 
   

Did not produce audited balance sheets

  
 
   

Donated in excess of the prudential limit

  
 
   

Extremely unsatisfactory financial position

  
 
   

Failed to comply with RBI regulations

  
 
   

Failed to repay depositors

  
 
   

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

  
 
   

Irretrievable and weak financial condition

  
 
   

Not complied with “know your customer” norms in opening and/or operating the accounts

  
 
   

Not complying with the provisions of RBI act, 1934

  
 
   

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

  
 
   

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

  
 
   

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

  
 
   

Violated directions issued by RBI in regard to prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested.

  
 
   

Violated directions issued by reserve bank of india

  
 
   

Violated directions issued by reserve bank of india in relation to maximum limits on unsecured advances and directions on lending operations

  
 
   

Violated guidelines for granting unsecured credit facilities

  
 
   

Violated instructions/guidelines issued by Reserve Bank in regard to non-slr investment

  
 
   

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

  
Local Area Banks
  01/08/1996  30/08/2010
 
  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 the 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  30/08/2010
 
  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 (banning) act 1978, enrolling members to such schemes is a punishable offence.

  
Nationalised Bank
  01/08/1996  30/08/2010
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
  Reasons for Action
 
 
   

Failed to 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

  
 
   

Not complied with “know your customer” norms in opening and/or operating the accounts

  
 
   

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

  
 
   

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

  
NBFC
  01/08/1996  30/08/2010
 
  Actions by RBI
 
 
   

Appointed special officer to take charge of assets of the company

  
 
   

Cancellation of certificate of registration

  
 
   

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

  
 
   

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

  
 
   

Did not surrender certificate of registration

  
 
   

Failed to adhere to guidelines on prudential norms

  
 
   

Failed to comply with RBI regulations

  
 
   

Failed to repay depositors

  
 
   

Not complying with the provisions of RBI act, 1934

  
 
   

Not traceable non-banking financial institution

  
 
   

Opted to exit from business of non banking financial institutions

  
 
   

Surrender of certificate of registration

  
 
   

Violated directions issued by reserve bank of india

  
Primary Dealer
  01/08/1996  30/08/2010
 
  Actions by RBI
 
 
   

Cancellation of certificate of registration

  
 
   

Rejection of application for renewal of registration

  
 
   

Withdrawn authorization as primary dealer

  
 
  Reasons for Action
 
 
   

Not complying with the provisions of RBI act, 1934

  
 
   

Not fulfilling minimum eligibility criteria

  
 
   

Surrender of certificate of registration

  
Private Banks
  01/08/1996  30/08/2010
 
  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 follow know your customer/anti money laundering guidelines in opening and conduct of certain accounts

  
 
   

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

  
 
   

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

  
 
   

Extremely unsatisfactory financial position

  
 
   

Failed to comply with RBI regulations

  
 
   

Failed to ensure adequate and effective arrangements by constituent to meet commitment while granting letter of credit facility

  
 
   

Irregularities in conduct of accounts of a corporate group

  
 
   

Not complied with “know your customer” norms in opening and/or operating the accounts

  
 
   

Not complying with the provisions of RBI act, 1934

  
 
   

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

  
Regional Rural Banks
  01/08/1996  30/08/2010
 
  Actions by RBI
 
 
   

Imposed penalty

  
 
  Reasons for Action
 
 
   

Defaulted in maintenance of Cash Reserve Ratio

  
Residuary Non-banking Co.
  01/08/1996  30/08/2010
 
  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  30/08/2010
 
  Actions by RBI
 
 
   

Cancellation of certificate of registration

  
 
  Reasons for Action
 
 
   

Business taken over by another company

  
Scheduled Co-operative Banks
  01/08/1996  30/08/2010
 
  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 the depositors

  
 
   

Extremely unsatisfactory financial position

  
 
   

Failed to comply with RBI regulations

  
 
   

Failed to 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)

  
 
   

Irretrievable and weak financial condition

  
 
   

Unable to pay their debts

  
Urban Co-operative Banks
  01/08/1996  30/08/2010
 
  Actions by RBI
 
 
   

Cancellation of banking license

  
 
   

Cancellation of certificate of registration

  
 
   

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
 
 
   

Ceased to be solvent

  
 
   

Extremely unsatisfactory financial position

  
 
   

Failed to comply with RBI regulations

  
 
   

Irretrievable and weak financial condition

  
 
   

Not complying with the provisions of RBI act, 1934

  
 
   

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

  
 
   

Violated directions issued by RBI in regard to prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested.

  
 
   

Violated directions issued by reserve bank of india

  
 
   

Violated directions issued by reserve bank of india in relation to maximum limits on unsecured advances and directions on lending operations

  
 
   

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

  
 REGULATORY ACTIONS PRESENTLY COVERED BY THIS WEBSITE
Period covered
  
From To/Uptil
BANKS
Alphabetical Chronological
 
 29/03/2000  12/09/2008
BOMBAY STOCK EXCHANGE LTD.
Alphabetical Chronological
 
 05/06/1995  25/08/2010
CENTRAL BOARD OF EXCISE & CUSTOMS
Alphabetical Chronological
 
 01/04/2003  17/02/2010
CENTRAL BUREAU OF INVESTIGATION
Alphabetical Chronological
 
 05/04/2001  30/08/2010
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
Alphabetical Chronological
 
   16/08/2010
COMPANY LAW BOARD
Alphabetical Chronological
 
DEBT RECOVERY TRIBUNALS
Alphabetical Chronological
 
 16/08/2000  21/06/2010
DELHI STOCK EXCHANGE LTD.
Alphabetical Chronological
 
 31/03/2002  30/03/2010
EMPLOYEES' PROVIDENT FUND ORGANISATION
Alphabetical Chronological
 
   31/03/2005
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  25/08/2010
INTER-CONNECTED STOCK EXCHANGE
Alphabetical Chronological
 
   08/12/2009
MINISTRY OF CORPORATE AFFAIRS - VANISHING COMPANIES
Alphabetical Chronological
 
   20/01/2010
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
 
   31/07/2010
MINISTRY OF CORPORATE AFFAIRS, SIMPLIFIED EXIT SCHEME
Alphabetical Chronological
 
MINISTRY OF FINANCE, DEPARTMENT OF REVENUE
Alphabetical Chronological
 
   30/08/2010
NATIONAL HOUSING BANK
Alphabetical Chronological
 
   31/07/2010
NATIONAL SECURITIES DEPOSITORY LTD.
Alphabetical Chronological
 
   20/08/2010
NATIONAL STOCK EXCHANGE OF INDIA LTD.
Alphabetical Chronological
 
 01/01/2000  04/08/2010
RESERVE BANK OF INDIA
Alphabetical Chronological
 
 01/08/1996  30/08/2010
SECURITIES AND EXCHANGE BOARD OF INDIA (For only consent orders click here)
Alphabetical Chronological
 
 01/01/1997  30/08/2010
 OTHER SOURCES IN THE OFFING
 
ASSOCIATION OF MUTUAL FUNDS OF INDIA
BOARD FOR INDUSTRIAL & FINANCIAL RECONSTRUCTION
COURTS
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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