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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 PERTAINING TO LOANS BEYOND CEILING OF RS.1 LAKH TO NOMINAL MEMBERS

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 		 
2
History of entity/person SARDAR BHILADWALA PARDI PEOPLE`S 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   IMPOSED PENALTY RS.5,00,000

22-JUL-2016 		 
3
History of entity/person SMRITI NAGRIK SAHAKARI BANK MARYADIT,MANDSAUR
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI PERTAINING TO LOANS BEYOND CEILING OF RS.1 LAKH TO NOMINAL MEMBERS

DID NOT CARRY OUT PERIODICAL REVIEW OF RISK CATEGORIZATION   		IMPOSED PENALTY RS.4,00,000

14-MAR-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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