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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: VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person JANSEVA CO-OPERATIVE BANK LTD.
  VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS

SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS   		IMPOSED PENALTY RS.50,000

13-FEB-2024 		 
2
History of entity/person KUTCH MERCANTILE CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS   		IMPOSED PENALTY RS.3,00,000

30-NOV-2023 		 
3
History of entity/person NOIDA COMMERCIAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NON-TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS   		IMPOSED PENALTY RS.2,50,000

14-MAY-2024 		 
4
History of entity/person TRANSPORT CO-OPERATIVE BANK LTD.
  VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS

SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS   		IMPOSED PENALTY RS.1,00,000

14-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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