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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
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1
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ADARSH MAHILA CO-OPERATIVE BANK LTD.,THE
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SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
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IMPOSED PENALTY RS.5,00,000
23-FEB-2024
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2
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DR.PANJABRAO DESHMUKH URBAN CO-OPERATIVE BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
SANCTIONED LOANS ON BULLET REPAYMENT BASIS AGAINST GOLD/SILVER ORNAMENTS BEYOND PRESCRIBED CEILING LIMIT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON ROBUST SOFTWARE TO THROW ALERTS AS PART OF EFFECTIVE IDENTIFICATION OF ACCOUNTS AND REPORTING OF SUSPICIOUS TRANSACTIONS
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IMPOSED PENALTY RS.5,00,000
08-JAN-2024
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3
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MIZORAM URBAN CO-OPERATIVE DEVELOPMENT BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.20,000
02-AUG-2023
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4
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NAGAR SAHAKARI BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
DID NOT CREDIT INTEREST TO INOPERATIVE SAVING BANK ACCOUNTS
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IMPOSED PENALTY RS.4,00,000
27-OCT-2022
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5
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SHIKSHAK SAHAKARI BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
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IMPOSED PENALTY RS.23,30,000
22-FEB-2024
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6
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SOLAPUR JANATA SAHAKARI BANK LTD.
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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
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IMPOSED PENALTY RS.28,30,000
13-MAR-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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