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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: VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES BY SANCTIONING FRESH LOANS & ADVANCES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person PATDI NAGRIK SAHAKARI BANK LTD.,THE
  DID NOT MAKE DISCLOSURE OF PENALTY LEVIED IN ITS BALANCE SHEET

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES BY SANCTIONING FRESH LOANS & ADVANCES

VIOLATED INSTRUCTIONS OF RBI ON OPENING OF ACCOUNT AND MONITORING OF CASH TRANSACTIONS   		IMPOSED PENALTY RS.1,00,000

15-MAY-2012 		 
2
History of entity/person RUPEE CO-OPERATIVE BANK LTD.
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES BY SANCTIONING FRESH LOANS & ADVANCES   IMPOSED PENALTY RS.5,00,000

14-AUG-2012 		 
3
History of entity/person SHREE MAHALAXMI MERCANTILE CO-OPERATIVE BANK LTD.
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES BY SANCTIONING FRESH LOANS & ADVANCES   IMPOSED PENALTY RS.1,00,000

11-APR-2011 		 
4
History of entity/person SULAIMANI CO-OPERATIVE BANK LTD.
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES BY SANCTIONING FRESH LOANS & ADVANCES

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES

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

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 ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES   		IMPOSED PENALTY RS.5,00,000

29-MAR-2012 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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