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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

PRIVATE BANKS: DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREATION OF CENTRAL REPOSITORY OF LARGE COMMON EXPOSURES - ACROSS BANKS READ WITH CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC) – REVISION IN REPORTING

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person FEDERAL BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREATION OF CENTRAL REPOSITORY OF LARGE COMMON EXPOSURES - ACROSS BANKS READ WITH CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC) – REVISION IN REPORTING

DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REPORTING OF ASSESSMENT UNDER RBS

DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PAYMENT OF COMPENSATION FOR DELAY IN RESOLUTION OF ATM-RELATED CUSTOMER COMPLAINTS

ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE

DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES   		IMPOSED PENALTY RS.5,00,00,000

25-SEP-2018 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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