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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 PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person GUJARAT RAJYA KARMACHARI CO-OPERATIVE BANK LTD.,THE
  DID NOT MAKE DISCLOSURE OF PENALTY IMPOSED BY RBI IN ‘NOTES TO ACCOUNTS’ TO BALANCE SHEET IN ITS ANNUAL REPORT

DID NOT PROVIDE DOCUMENTS AND COMPLETE INFORMATION PERTAINING TO AFFAIRS OF THE BANK REQUIRED BY RBI INSPECTING OFFICER(S)

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

DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE   		IMPOSED PENALTY RS.7,50,000

25-JUN-2024 		 
2
History of entity/person LIMDI URBAN CO-OPERATIVE BANK LTD.,THE
  DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE   IMPOSED PENALTY RS.50,000

13-DEC-2023 		 
3
History of entity/person MEHSANA NAGRIK SAHAKARI BANK LTD.
  SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS

DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND   		IMPOSED PENALTY RS.7,00,000

29-DEC-2023 		 
4
History of entity/person NAGPUR NAGARIK SAHAKARI BANK LTD.
  DID NOT PAY ELIGIBLE INTEREST AT THE TIME OF REPAYMENT ON TERM DEPOSITS MATURING ON SUNDAY/HOLIDAY/NON-BUSINESS WORKING DAY AND PAID ON SUCCEEDING WORKING DAYS

DID NOT PAY INTEREST ON BALANCES LYING IN CURRENT ACCOUNT STANDING IN NAME OF DECEASED INDIVIDUAL DEPOSITORS OR SOLE PROPRIETORSHIP CONCERNS

DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS   		IMPOSED PENALTY RS.28,30,000

27-MAR-2024 		 
5
History of entity/person SHREE BHARAT CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE   		IMPOSED PENALTY RS.5,00,000

13-DEC-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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