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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: SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ADARSH MAHILA CO-OPERATIVE BANK LTD.,THE
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE   		IMPOSED PENALTY RS.5,00,000

23-FEB-2024 		 
2
History of entity/person BASSEIN CATHOLIC CO-OPERATIVE BANK LTD.
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS   IMPOSED PENALTY RS.25,00,000

22-SEP-2023 		 
3
History of entity/person PATDI NAGARIK SAHAKARI BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DONATIONS TO TRUSTS AND INSTITUTIONS WHERE DIRECTORS AND RELATIVES HOLD POSITION OR INTERESTED

SANCTIONED 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 PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

ACCEPTED INTEREST-FREE DEPOSITS ACCOUNTS OTHER THAN CURRENT ACCOUNT   		IMPOSED PENALTY RS.10,00,000

26-DEC-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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