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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: DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD.,THE
  DID NOT HAVE SYSTEM FOR EFFECTIVE IDENTIFICATION & REPORTING OF SUSPICIOUS TRANSACTIONS TO FIU-IND

DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)

DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM   		IMPOSED PENALTY RS.26,91,330

14-DEC-2022 		 
2
History of entity/person BHANDARA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI UNDER SECTION 25(1) (III) READ WITH SECTION 23 (4) OF CREDIT INFORMATION COMPANIES (REGULATION) ACT, 2005

DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)   		IMPOSED PENALTY RS.13,000

20-SEP-2021 		 
3
History of entity/person JANALAXMI CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PLACEMENT OF DEPOSITS WITH OTHER BANKS BY PRIMARY (URBAN) CO-OPERATIVE BANKS (UCBS)

DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)   		IMPOSED PENALTY RS.50,35,000

29-JUL-2021 		 
4
History of entity/person SHIKSHAK SAHAKARI BANK LTD.
  DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)

DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CREDIT INFORMATION COMPANIES RULES, 2006   		IMPOSED PENALTY RS.40,000

08-SEP-2021 		 
5
History of entity/person TRIPURA STATE CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)   IMPOSED PENALTY RS.50,000

15-JUL-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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