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

URBAN CO-OPERATIVE BANKS: SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CATHOLIC CO-OPERATIVE URBAN BANK LTD.,THE
  DID NOT MONITOR OPERATIONS IN CERTAIN DEPOSIT ACCOUNTS

ISSUED BALANCE CONFIRMATION LETTERS WITHOUT HAVING BALANCE IN ACCOUNTS

SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS   		IMPOSED PENALTY RS.3,00,000

07-OCT-2024 		 
2
History of entity/person HALOL URBAN CO-OPERATIVE BANK LTD.,THE
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE   		IMPOSED PENALTY RS.2,00,000

14-DEC-2023 		 
3
History of entity/person NAZARETH URBAN CO-OPERATIVE BANK LTD.
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS   IMPOSED PENALTY RS.1,00,000

10-OCT-2024 		 
4
History of entity/person SRIRANGAM CO-OPERATIVE URBAN BANK LTD.,THE
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

SANCTIONED CREDIT FACILITIES TO SECTORS HAVING HIGH PROPORTION OF NON-PERFORMING ASSETS AND FRESH LOANS & ADVANCES CARRYING RISK WEIGHTS MORE THAN 100% VIOLATING DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)   		IMPOSED PENALTY RS.1,50,000

05-NOV-2024 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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