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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
GADHINGLAJ URBAN CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
|
IMPOSED PENALTY RS.10,00,000
09-AUG-2021
|
|
|
2
|
|
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JAMKHED MERCHANTS CO-OPERATIVE BANK LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.5,00,000
24-NOV-2006
|
|
|
3
|
|
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JOLARPET CO-OPERATIVE URBAN BANK LTD.,THE
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.50,000
12-OCT-2023
|
|
|
4
|
|
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NAGAR URBAN CO-OPERATIVE BANK LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.5,00,000
13-OCT-2011
|
|
|
5
|
|
|
NATIONAL URBAN CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.5,00,000
15-MAY-2012
|
|
|
6
|
|
|
NELLORE CO-OPERATIVE URBAN BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.10,00,000
25-AUG-2022
|
|
|
7
|
|
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PIONEER URBAN CO-OPERATIVE BANK LTD.,THE
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|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
SUBMITTED INACCURATE INFORMATION TO RESERVE BANK OF INDIA REGARDING CREDIT FACILITIES TO DIRECTORS AND RELATIVES
|
IMPOSED PENALTY RS.5,00,000
15-JUL-2011
|
|
|
8
|
|
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SHRI PAROLA URBAN CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.1,00,000
11-DEC-2007
|
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9
|
|
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TIRUMANGALAM CO-OPERATIVE URBAN BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.25,000
28-FEB-2024
|
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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