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

PRIVATE BANKS: DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PAYMENT OF REMUNERATION TO EMPLOYEES IN FORM OF COMMISSION UNDER A SCHEME FOR INCENTIVIZING RECOVERIES OF NON-PERFORMING ASSETS (NPAS)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CSB BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PAYMENT OF REMUNERATION TO EMPLOYEES IN FORM OF COMMISSION UNDER A SCHEME FOR INCENTIVIZING RECOVERIES OF NON-PERFORMING ASSETS (NPAS)

DID NOT INFORM IBA REGARDING TERRMINATION OF SERVICE PROVIDERS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PAYMENT OF COMMISSION/FEE TO CERTAIN BUSINESS CORRESPONDENTS WHICH DID NOT HAVE A VARIABLE COMPONENT   		IMPOSED PENALTY RS.1,86,80,000

08-AUG-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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