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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 IDENTIFY NON-PERFORMING ASSETS (NPA) ON ON-GOING BASIS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person JAMNAGAR PEOPLE'S CO-OPERATIVE BANK LTD.,THE
  DID NOT IDENTIFY NON-PERFORMING ASSETS (NPA) ON ON-GOING BASIS

DID NOT PAY ANY INTEREST ON DEPOSITS ACCEPTED UNDER DAILY DEPOSIT SCHEME AND PREMATURELY WITHDRAWN WITHIN TWENTY FOUR MONTHS OF OPENING OF ACCOUNTS   		IMPOSED PENALTY RS.1,00,000

29-MAR-2023 		 
2
History of entity/person RAJKOT COMMERCIAL CO-OPERATIVE BANK LTD.
  DID NOT IDENTIFY NON-PERFORMING ASSETS (NPA) ON ON-GOING BASIS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

BREACHED LIMIT OF ITS INVESTMENTS INCLUDED UNDER HTM CATEGORY   		IMPOSED PENALTY RS.4,00,000

21-FEB-2023 		 
3
History of entity/person SHREE CHHANI NAGARIK SAHAKARI BANK LTD.
  BOUGHT INSURANCE POLICY FOR ITS EMPLOYEES FROM ONE OF ITS DIRECTORS WHO WAS ALSO AGENT OF INSURANCE COMPANY

DID NOT IDENTIFY NON-PERFORMING ASSETS (NPA) ON ON-GOING BASIS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS & ADVANCES TO DIRECTORS ETC AS SURETY/GUARANTORS CLASSIFICATION OF UCBS

DID NOT REPORT FRAUDS TO RBI   		IMPOSED PENALTY RS.4,00,000

29-MAR-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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