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Co-Sponsors

SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

CO-OPERATIVE BANKS: APPOINTED A MEMBER ON ITS BOARD OF MANAGEMENT, WHO DID NOT SATISFY FIT & PROPER CRITERIA AND DID NOT RECONSTITUTE BOARD OF MANAGEMENT WITHIN SPECIFIED TIME DESPITE SPECIFIC DIRECTION ISSUED BY RBI

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person SOLAPUR JANATA SAHAKARI BANK LTD.
  APPOINTED A MEMBER ON ITS BOARD OF MANAGEMENT, WHO DID NOT SATISFY FIT & PROPER CRITERIA AND DID NOT RECONSTITUTE BOARD OF MANAGEMENT WITHIN SPECIFIED TIME DESPITE SPECIFIC DIRECTION ISSUED BY RBI

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE   		IMPOSED PENALTY RS.28,30,000

13-MAR-2024 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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