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S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
ABHYUDAYA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PLACEMENT OF DEPOSITS WITH OTHER BANKS BY PRIMARY (URBAN) CO-OPERATIVE BANKS (UCBS)
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.58,00,000
05-MAY-2022
|
|
|
2
|
|
|
BHUJ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.7,00,000
14-DEC-2022
|
|
|
3
|
|
|
IRINJALAKUDA TOWN CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.50,00,000
17-MAR-2021
|
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|
4
|
|
|
JALGAON PEOPLES CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.25,00,000
24-OCT-2019
|
|
|
5
|
|
|
JANTA SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND 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 OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.1,00,00,000
16-OCT-2019
|
|
|
6
|
|
|
NAGAR URBAN CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.40,00,000
27-MAY-2020
|
|
|
7
|
|
|
SEVA VIKAS CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.55,00,000
02-FEB-2021
|
|
|
8
|
|
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URBAN CO-OPERATIVE BANK LTD.,PERINTHALMANNA,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.50,00,000
11-DEC-2020
|
|
|
9
|
|
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VASAI VIKAS SAHAKARI BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.90,00,000
26-OCT-2021
|
|
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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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