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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
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1
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GAUHATI CO-OPERATIVE URBAN BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT UPLOAD CUSTOMER’S KNOW YOUR CLIENTS (KYC) RECORDS ON CKYCR WITHIN TEN DAYS OF COMMENCEMENT OF ACCOUNT-BASED RELATIONSHIP WITH CUSTOMERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK
DID NOT UPLOAD CREDIT INFORMATION TO CREDIT INFORMATION COMPANIES (CICS)
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IMPOSED PENALTY RS.80,000
11-NOV-2024
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2
|
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ISLAMPUR URBAN CO-OPERATIVE BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
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IMPOSED PENALTY RS.2,00,000
03-AUG-2023
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3
|
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MAHABALESHWAR URBAN CO-OPERATIVE BANK LTD.THE,
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
SANCTIONED FRESH LOANS AND ADVANCES AND ALLOWED CASH CREDIT FACILITIES TO BE OVERDRAWN VIOLATING SPECIFIC DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.2,00,000
02-AUG-2023
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4
|
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MEHMADABAD URBAN PEOPLES CO-OPERATIVE BANK LTD.,THE
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DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
SUBMITTED INCOMPLETE DATA TO ONE CREDIT INFORMATION COMPANIES (CICS)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.60,000
28-OCT-2024
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5
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RATNAGIRI URBAN CO-OPERATIVE BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON ROBUST SOFTWARE TO THROW ALERTS AS PART OF EFFECTIVE IDENTIFICATION OF ACCOUNTS AND REPORTING OF SUSPICIOUS TRANSACTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.2,00,000
17-AUG-2023
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6
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SHRI LAXMIKRUPA URBAN CO-OPERATIVE BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.1,00,000
20-NOV-2023
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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