Click here to visit old website
  • Home»
  • Regulatory actions in Chronological Order
Regulatory Actions Covered By This Website

REGULATORY ACTIONS IN CHRONOLOGICAL ORDER

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

ENTITY

S.
No.
DATE OF ORDER ENTITY PERSON COMPETENT AUTHORITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 11-MAY-2015
History of entity/person SRI GANESH CO-OPERATIVE BANK LTD.   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES

OPENED BENAMI ACCOUNTS AND ALLOWED HUGE DEPOSITS IN SUCH ACCOUNTS 
IMPOSED PENALTY RS.15,00,000

11-MAY-2015
 
2 30-APR-2015
History of entity/person SHRI SWAMI SAMARTH URBAN CO-OP.BANK LTD.   
  RBI  CEASED TO BE SOLVENT  CANCELLATION OF BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

30-APR-2015
 
3 29-APR-2015
History of entity/person BANK OF MAHARASHTRA   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS

DID NOT ADHERE TO INSTRUCTIONS ON FUNDS RECEIVED THROUGH REAL TIME GROSS SETTLEMENT SYSTEM (RTGS)

DID NOT DO DUE DILIGENCE IN OPENING OF FIXED DEPOSIT ACCOUNTS AND GRANTING OF OVERDRAFTS

WEAKNESSES IN INTERNAL CONTROL SYSTEMS, MANAGEMENT OVERSIGHT AND USED INTERNAL ACCOUNTS FOR PARKING CUSTOMER FUNDS ETC.

MIDDLEMEN / INTERMEDIARIES WERE INVOLED IN OPENING OF ACCOUNTS AND ALSO SUBSEQUENT OPERATIONS IN THOSE ACCOUNTS 
IMPOSED PENALTY RS.1,50,00,000

29-APR-2015
 
4 29-APR-2015
History of entity/person DENA BANK   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS

DID NOT ADHERE TO INSTRUCTIONS ON FUNDS RECEIVED THROUGH REAL TIME GROSS SETTLEMENT SYSTEM (RTGS)

DID NOT DO DUE DILIGENCE IN OPENING OF FIXED DEPOSIT ACCOUNTS AND GRANTING OF OVERDRAFTS

WEAKNESSES IN INTERNAL CONTROL SYSTEMS, MANAGEMENT OVERSIGHT AND USED INTERNAL ACCOUNTS FOR PARKING CUSTOMER FUNDS ETC.

MIDDLEMEN / INTERMEDIARIES WERE INVOLED IN OPENING OF ACCOUNTS AND ALSO SUBSEQUENT OPERATIONS IN THOSE ACCOUNTS 
IMPOSED PENALTY RS.1,50,00,000

29-APR-2015
 
5 29-APR-2015
History of entity/person ORIENTAL BANK OF COMMERCE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO INSTRUCTIONS ON FUNDS RECEIVED THROUGH REAL TIME GROSS SETTLEMENT SYSTEM (RTGS)

DID NOT DO DUE DILIGENCE IN OPENING OF FIXED DEPOSIT ACCOUNTS AND GRANTING OF OVERDRAFTS

WEAKNESSES IN INTERNAL CONTROL SYSTEMS, MANAGEMENT OVERSIGHT AND USED INTERNAL ACCOUNTS FOR PARKING CUSTOMER FUNDS ETC.

MIDDLEMEN / INTERMEDIARIES WERE INVOLED IN OPENING OF ACCOUNTS AND ALSO SUBSEQUENT OPERATIONS IN THOSE ACCOUNTS 
IMPOSED PENALTY RS.1,50,00,000

29-APR-2015
 
6 27-APR-2015
History of entity/person BHAVANA RISHI CO-OPERATIVE URBAN BANK LTD.   
  RBI  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  IMPOSED PENALTY RS.1,00,000

27-APR-2015
 
7 24-APR-2015
History of entity/person HALOL MERCANTILE CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIONS/GUIDELINES ISSUED BY RBI IN RELATION TO MAXIMUM LIMITS ON UNSECURED ADVANCES/LOANS  IMPOSED PENALTY RS.5,00,000

24-APR-2015
 
8 24-APR-2015
History of entity/person PANIHATI CO-OPERATIVE BANK LTD.,THE   
  RBI  VIOLATED DIRECTIONS ISSUED BY RESERVE BANK OF INDIA  RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE INVESTMENT, INCUR LIABILITIES, BORROW, DEAL IN PROPERTIES ETC. WITHOUT APPROVAL OF RBI IN WRITING

24-APR-2015
RBI VIDE ITS ORDER DATED 24/04/2015, EXTENDED DIRECTIONS FOR A PERIOD OF SIX MONTHS FROM 24/04/2014 TO 23/04/2015, AGAIN EXTENDED PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 24/04/2015 TO 23/10/2015  
9 16-APR-2015
History of entity/person HCBL CO-OPERATIVE BANK LTD.   
  RBI  VIOLATED DIRECTIONS ISSUED BY RESERVE BANK OF INDIA  RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE INVESTMENT, INCUR LIABILITIES, BORROW, DEAL IN PROPERTIES ETC. WITHOUT APPROVAL OF RBI IN WRITING

16-APR-2015
 
10 10-APR-2015
History of entity/person VANANCHAL GRAMIN BANK   
  RBI  VIOLATED BRANCH LICENSING GUIDELINES  IMPOSED PENALTY RS.50,000

10-APR-2015
 
11 31-MAR-2015
History of entity/person AJMER CENTRAL CO-OPERATIVE BANK LTD.   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
12 31-MAR-2015
History of entity/person BHAWANIPATNA CENTRAL CO-OPERATIVE BANK   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
13 31-MAR-2015
History of entity/person BOUDH CO-OPERATIVE CENTRAL BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
14 31-MAR-2015
History of entity/person BUNDI CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
15 31-MAR-2015
History of entity/person CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
16 31-MAR-2015
History of entity/person CUTTACK CENTRAL CO-OPERATIVE BANK LTD.   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
17 31-MAR-2015
History of entity/person DHANBAD CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
18 31-MAR-2015
History of entity/person DUMKA CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
19 31-MAR-2015
History of entity/person GOPALGANJ CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
20 31-MAR-2015
History of entity/person GUMLA SIMDEGA CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT COMPLY WITH “KNOW YOUR CUSTOMER” NORMS IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) GUIDELINES 
IMPOSED PENALTY RS.5,00,000

31-MAR-2015
 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
First Next Last  
Page 1 of 1218  
top