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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
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1
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BRAHMADEODADA MANE SAHAKARI BANK LTD.
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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
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2
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CKP CO-OPERATIVE BANK LTD.,THE
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI FOR CONDUCTING BANKING BUSINESS
VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
FINANCED BORROWERS OUTSIDE AREA OF OPERATIONS
EXCEEDED EXPOSURE TO HOUSING AND REAL ESTATE SECTORS
EXTENDED LOANS TO ITS DIRECTORS AND/OR RELATIVE OF THE DIRECTORS
ISSUED BANK GUARANTEE TO ENTITY NOT BANKING WITH THE BANK
SANCTIONED OVERDRAFT AGAINST THIRD PARTY FIXED DEPOSITS TO ONE OF ITS DIRECTORS
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IMPOSED PENALTY RS.5,00,000
27-NOV-2012
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3
|
|
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NAGRIK SAHAKARI BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
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IMPOSED PENALTY RS.1,00,000
28-MAR-2011
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4
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PRAGATI SAHAKARI BANK LTD.
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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
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
DID NOT REPORT FRAUDS TO RBI
|
IMPOSED PENALTY RS.5,00,000
18-JUL-2012
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5
|
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PRERANA CO-OPERATIVE BANK LTD.,THE
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
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IMPOSED PENALTY RS.1,00,000
23-JUN-2011
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|
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6
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RAJKOT COMMERCIAL CO-OPERATIVE BANK LTD.
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GRANTED UNSECURED ADVANCES TO DIRECTOR RELATED FIRM
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
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IMPOSED PENALTY RS.2,00,000
18-AUG-2011
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7
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SHRI MAHILA SEWA SAHAKARI BANK LTD.
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
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IMPOSED PENALTY RS.1,00,000
22-FEB-2011
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8
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SHRI VINAYAK SAHAKARI BANK LTD.
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
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
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
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IMPOSED PENALTY RS.5,00,000
15-APR-2011
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9
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SULAIMANI CO-OPERATIVE BANK LTD.
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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
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IMPOSED PENALTY RS.5,00,000
29-MAR-2012
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10
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UNITED CO-OPERATIVE BANK LTD.,THE
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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 DIRECTIVES/INSTRUCTIONS/GUIDELINES ON SHARE LINKING DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
ALLOWED LIMITS BEYOND EXPOSURE CEILING
DID NOT SUBMIT CTR/STR IN RESPECT OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH
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IMPOSED PENALTY RS.5,00,000
15-MAR-2012
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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