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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: DONATED IN EXCESS OF THE PRUDENTIAL LIMIT

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BRAHMADEODADA MANE SAHAKARI BANK LTD.
  DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES

ALLOWED REMISSION OF DEBT IN VARIOUS BORROWAL ACCOUNTS

WAIVED BANK GUARANTEE COMMISSION TO CHAIRMAN/DIRECTOR/RELATIVES OR TO FIRMS/COMPANIES IN WHICH ANY OF ITS DIRECTORS IS INTERESTED

SUBMITTED INACCURATE INFORMATION TO RESERVE BANK OF INDIA REGARDING CREDIT FACILITIES TO DIRECTORS AND RELATIVES

GRANTED CREDIT FACILITIES TO PRIMARY CO-OPERATIVE SOCIETIES

GRANTED LOANS TO INDIVIDUALS AND DIVERSION OF AMOUNT THEREOF TO CONCERNS IN WHICH DIRECTORS WERE INTERESTED

GRANTED UNSECURED ADVANCES IN EXCESS OF PRUDENTIAL INDIVIDUAL LIMIT

DONATED IN EXCESS OF THE PRUDENTIAL LIMIT

ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE   		IMPOSED PENALTY RS.5,00,000

11-AUG-2010 		 
2
History of entity/person MAKARPURA INDUSTRIAL ESTATE CO-OPERATIVE BANK LTD.
  DONATED IN EXCESS OF THE PRUDENTIAL LIMIT

ALLOWED LIMITS BEYOND EXPOSURE CEILING

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED

ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE

DID NOT SUBMIT CTR/STR IN RESPECT OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH   		IMPOSED PENALTY RS.5,00,000

21-JAN-2011 		 
3
History of entity/person MUSLIM CO-OPERATIVE BANK LTD.,THE
  DONATED IN EXCESS OF THE PRUDENTIAL LIMIT   IMPOSED PENALTY RS.1,00,000

08-MAR-2011 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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