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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: RESTRUCTURED CREDIT FACILITIES WITHOUT ESTABLISHING THE FINANCIAL VIABILITY AND REASONABLE CERTAINTY OF REPAYMENT BY THE BORROWERS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BASSEIN CATHOLIC CO-OPERATIVE BANK LTD.
  DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS

LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS

RESTRUCTURED CREDIT FACILITIES WITHOUT ESTABLISHING THE FINANCIAL VIABILITY AND REASONABLE CERTAINTY OF REPAYMENT BY THE BORROWERS   		IMPOSED PENALTY RS.61,60,000

28-MAR-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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