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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 OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BIHAR STATE CO-OPERATIVE BANK LTD.,THE
  DID NOT PUT IN TO USE ANY ROBUST SOFTWARE AS A PART OF EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS

DID NOT SUBMIT STATUTORY RETURNS WITHIN PRESCRIBED TIMELINES

DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD WITHIN PRESCRIBED TIMELINES

DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON VIDEO BASED CUSTOMER IDENTIFICATION PROCESS (V-CIP) INFRASTRUCTURE TO PREVENT CONNECTIONS FROM IP ADDRESSES OUTSIDE INDIA   		IMPOSED PENALTY RS.60,20,000

05-JUN-2023 		 
2
History of entity/person BIRBHUM DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
  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 RISK CATEGORIZATION OF ACCOUNTS

DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)   		IMPOSED PENALTY RS.1,10,000

19-SEP-2023 		 
3
History of entity/person GONDIA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
  VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS

DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)   		IMPOSED PENALTY RS.2,60,000

21-OCT-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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