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

CO-OPERATIVE BANKS: DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

1

History of entity/person

AMAN SAHAKARI BANK LTD.

DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

IMPOSED PENALTY RS.3,00,000

18-JUN-2021

2

History of entity/person

BAGHAT URBAN CO-OPERATIVE BANK LTD. THE,

DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

IMPOSED PENALTY RS.8,00,000

27-DEC-2022

3

History of entity/person

CITIZENS CO-OPERATIVE BANK LTD.,THE

DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

IMPOSED PENALTY RS.5,00,000

06-JAN-2023

4

History of entity/person

HISAR URBAN CO-OPERATIVE BANK LTD.

DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

IMPOSED PENALTY RS.3,00,000

23-SEP-2022

5

History of entity/person

KARAD URBAN CO-OPERATIVE BANK LTD.

DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

IMPOSED PENALTY RS.10,00,000

01-DEC-2020

6

History of entity/person

SHREE MAHALAXMI MERCANTILE CO-OPERATIVE BANK LTD.

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 CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

IMPOSED PENALTY RS.2,00,000

04-MAR-2022

7

History of entity/person

SHRI KANYAKA NAGARI SAHAKARI BANK LTD.

DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON BOARD OF DIRECTORS OF URBAN CO-OPERATIVE BANKS (UCBS)

IMPOSED PENALTY RS.10,50,000

17-NOV-2021

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

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