|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
BAVLA NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS
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.3,00,000
22-MAY-2024
|
|
|
2
|
|
|
BHABHAR VIBHAG NAGARIK SAHAKARI BANK LTD.
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
|
IMPOSED PENALTY RS.50,000
30-NOV-2023
|
|
|
3
|
|
|
DISTRICT CO-OPERATIVE BANK LTD.
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
|
IMPOSED PENALTY RS.2,00,000
06-JAN-2023
|
|
|
4
|
|
|
KHAMBHAT NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
|
IMPOSED PENALTY RS.50,000
13-OCT-2023
|
|
|
5
|
|
|
KRUSHISEVA URBAN CO-OPERATIVE BANK LTD.
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
INCURRED CAPITAL EXPENDITURE WITHOUT PRIOR APPROVAL OF RBI
|
IMPOSED PENALTY RS.50,000
08-JAN-2024
|
|
|
6
|
|
|
LAKHVAD NAGARIK SAHAKARI BANK LTD.
|
|
|
SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.2,00,000
27-NOV-2023
|
|
|
7
|
|
|
LIMBASI URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
|
IMPOSED PENALTY RS.25,000
09-OCT-2023
|
|
|
8
|
|
|
MANDAL NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
DID NOT PAY ELIGIBLE INTEREST AT THE TIME OF REPAYMENT ON TERM DEPOSITS MATURING ON SUNDAY/HOLIDAY/NON-BUSINESS WORKING DAY AND PAID ON SUCCEEDING WORKING DAYS
OPENED SAVINGS DEPOSIT ACCOUNTS OF TRUST WHOSE ENTIRE INCOME NOT EXEMPT FROM PAYMENT OF INCOME-TAX UNDER THE INCOME TAX ACT, 1961
DID NOT PAY INTEREST RATES STRICTLY AS PER SCHEDULE OF INTEREST RATES DISCLOSED IN ADVANCE IN SEVERAL TERM DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.1,50,000
03-NOV-2023
|
|
|
9
|
|
|
SANKHEDA NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.5,00,000
07-DEC-2023
|
|
|
10
|
|
|
SHIHORI NAGARIK SAHAKARI BANK LTD.
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000
04-OCT-2023
|
|
|
11
|
|
|
SHREE CO-OPERATIVE BANK LTD.
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
|
IMPOSED PENALTY RS.50,000
11-AUG-2023
|
|
|
12
|
|
|
SHREE LODRA NAGARIK SAHAKARI BANK LTD.
|
|
|
SANCTIONED UNSECURED LOANS TO DIRECTORS
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.4,00,000
06-OCT-2023
|
|
|
13
|
|
|
VIRAMGAM MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
INCURRED CAPITAL EXPENDITURE WITHOUT PRIOR APPROVAL OF RBI
|
IMPOSED PENALTY RS.5,00,000
22-AUG-2023
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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