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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 REPORT FRAUDS TO RBI

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person HDFC BANK LTD.
  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

DID NOT REPORT FRAUDS TO RBI   		IMPOSED PENALTY RS.1,00,00,000

13-JUN-2019 		 
2
History of entity/person ICICI BANK LTD.
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

MARKETED AND ENGAGED IN SALE OF NON-FINANCIAL PRODUCT

DID NOT REPORT FRAUDS TO RBI   		IMPOSED PENALTY RS.12,19,00,000

17-OCT-2023 		 
3
History of entity/person KARUR VYSYA BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES

DID NOT REPORT FRAUDS TO RBI

DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI FOR OPENING OF CURRENT ACCOUNTS   		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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