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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: RESORTED TO EVERGREENING OF ACCOUNTS BY CLOSING NON-PERFORMING LOANS VIOLATING RBI’S DIRECTIVES/INSTRUCTIONS/GUIDELINES ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) AND OTHER RELATED MATTERS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BHANDARI CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAXIMUM LIMITS ON UNSECURED ADVANCES/LOANS

RESORTED TO EVERGREENING OF ACCOUNTS BY CLOSING NON-PERFORMING LOANS VIOLATING RBI’S DIRECTIVES/INSTRUCTIONS/GUIDELINES ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) AND OTHER RELATED MATTERS   		IMPOSED PENALTY RS.5,00,000

29-JUL-2010 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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