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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT HAVE SYSTEM FOR EFFECTIVE IDENTIFICATION & REPORTING OF SUSPICIOUS TRANSACTIONS TO FIU-IND
DID NOT ADHERE TO RBI DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MEMBERSHIP OF CREDIT INFORMATION COMPANIES (CICS)
DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.26,91,330
14-DEC-2022
|
|
|
2
|
|
|
BIHAR STATE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.5,00,000
30-AUG-2021
|
|
|
3
|
|
|
DELHI STATE 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 FINANCE FOR HOUSING SCHEMES (UCBS)
DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.30,85,000
14-DEC-2022
|
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|
4
|
|
|
HIMACHAL PRADESH STATE CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.40,00,000
27-APR-2021
|
|
|
5
|
|
|
JILA SAHAKARI KENDRIYA BANK MARYADIT,BALAGHAT
|
|
|
DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
DID NOT REPORT GRANT OF LOANS/ADVANCES/ANY OTHER FINANCIAL ACCOMMODATION TO RELATIVES OF ITS DIRECTORS IN OSS-6 RETURNS TO RESERVE BANK OF INDIA
|
IMPOSED PENALTY RS.1,00,000
11-NOV-2022
|
|
|
6
|
|
|
KRISHNA DISTRICT CO-OPERATIVE CENTRAL 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 ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.2,00,000
02-MAR-2022
|
|
|
7
|
|
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MADHYA PRADESH RAJYA SAHAKARI BANK MARYADIT
|
|
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DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.25,00,000
12-AUG-2021
|
|
|
8
|
|
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MAHARASHTRA STATE CO-OPERATIVE BANK LTD.,THE
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DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.37,50,000
11-JUL-2022
|
|
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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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