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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

CO-OPERATIVE BANKS: DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OFFERING OF INTEREST ON DEPOSITS FOR VARIOUS TENORS AT RATES HIGHER THAN REFERENCE RATES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person PUNE PEOPLE'S CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OFFERING OF INTEREST ON DEPOSITS FOR VARIOUS TENORS AT RATES HIGHER THAN REFERENCE RATES   IMPOSED PENALTY RS.1,00,000

14-FEB-2023 		 
2
History of entity/person SHARAD SAHAKARI 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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OFFERING OF INTEREST ON DEPOSITS FOR VARIOUS TENORS AT RATES HIGHER THAN REFERENCE RATES   		IMPOSED PENALTY RS.6,00,000

28-DEC-2022 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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