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Co-Sponsors

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

CO-OPERATIVE BANKS: DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person JAMNAGAR DISTRICT CO-OPERATIVE BANK LTD.,THE
  DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND

DID NOT ADHERE TO “KNOW YOUR CUSTOMER” DIRECTIVES/INSTRUCTIONS/GUIDELINES IN OPENING AND/OR OPERATING THE ACCOUNTS

DID NOT PLACE APPROPRIATE SYSTEM FOR IDENTIFICATION OF SUSPICIOUS TRANSACTIONS

DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)   		IMPOSED PENALTY RS.4,10,000

27-APR-2023 		 
2
History of entity/person NATIONAL CENTRAL CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE 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   		IMPOSED PENALTY RS.4,10,000

13-NOV-2024 		 
3
History of entity/person VALSAD MAHILA NAGARIK SAHAKARI BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS

DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION

DID NOT CLASSIFY ACCOUNTS AS INOPERATIVE/DORMANT WHERE NO CUSTOMER INDUCED TRANSACTION OCCURRED FOR TWO YEARS   		IMPOSED PENALTY RS.1,25,000

14-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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