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Co-Sponsors

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

CO-OPERATIVE BANKS: RECOVERED CHARGES FOR ACTIVATION OF INOPERATIVE ACCOUNTS, CLAIMING TO BE REIMBURSEMENT OF EXPENSES FOR SUCH ACTIVATION

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BOMBAY MERCANTILE CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI PERTAINING TO LOANS BEYOND CEILING OF RS.1 LAKH TO NOMINAL MEMBERS

SANCTIONED LOANS ON BULLET REPAYMENT BASIS AGAINST GOLD/SILVER ORNAMENTS BEYOND PRESCRIBED CEILING LIMIT

RECOVERED CHARGES FOR ACTIVATION OF INOPERATIVE ACCOUNTS, CLAIMING TO BE REIMBURSEMENT OF EXPENSES FOR SUCH ACTIVATION   		IMPOSED PENALTY RS.63,30,000

06-FEB-2024 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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