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

CO-OPERATIVE BANKS: DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD WITHIN PRESCRIBED TIMELINES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BIHAR STATE CO-OPERATIVE BANK LTD.,THE
  DID NOT PUT IN TO USE ANY ROBUST SOFTWARE AS A PART OF EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS

DID NOT SUBMIT STATUTORY RETURNS WITHIN PRESCRIBED TIMELINES

DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD WITHIN PRESCRIBED TIMELINES

DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON VIDEO BASED CUSTOMER IDENTIFICATION PROCESS (V-CIP) INFRASTRUCTURE TO PREVENT CONNECTIONS FROM IP ADDRESSES OUTSIDE INDIA   		IMPOSED PENALTY RS.60,20,000

05-JUN-2023 		 
2
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,SEHORE
  DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD WITHIN PRESCRIBED TIMELINES   IMPOSED PENALTY RS.75,000

27-FEB-2024 		 
3
History of entity/person MAGADH CENTRAL CO-OPERATIVE BANK LTD.
  DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD WITHIN PRESCRIBED TIMELINES   IMPOSED PENALTY RS.5,00,000

28-APR-2016 		 
4
History of entity/person NAGAR SAHAKARI BANK LTD.
  DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD WITHIN PRESCRIBED TIMELINES   IMPOSED PENALTY RS.1,00,000

02-MAY-2016 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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