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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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ADARSH MAHILA NAGARI SAHAKARI BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON BOARD OF DIRECTORS OF URBAN CO-OPERATIVE BANKS (UCBS)
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.25,00,000
01-OCT-2021
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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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JIJAU COMMERCIAL CO-OPERATIVE BANK LTD.
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
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.1,25,000
05-DEC-2022
|
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4
|
|
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NORTHERN RAILWAY MULTI-STATE PRIMARY CO-OPERATIVE BANK LTD.
|
|
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.1,00,000
26-JUN-2018
|
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5
|
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SAHEBRAO DESHMUKH CO-OPERATIVE BANK LTD.,THE
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|
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
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IMPOSED PENALTY RS.1,00,000
23-FEB-2017
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RBI VIDE ITS ORDER DATED 25/09/2023 SANCTIONED VOLUNTARY AMALGAMATION OF THE SAHEBRAO DESHMUKH CO-OPERATIVE BANK LTD. WITH COSMOS CO-OPERATIVE BANK LTD. WITH EFFECT FROM 26/09/2023
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6
|
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SHRI KANYAKA NAGARI SAHAKARI BANK LTD.
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DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON BOARD OF DIRECTORS OF URBAN CO-OPERATIVE BANKS (UCBS)
|
IMPOSED PENALTY RS.10,50,000
17-NOV-2021
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7
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URBAN CO-OPERATIVE BANK LTD.,BASTI
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
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 OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.10,00,000
17-OCT-2018
|
|
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8
|
|
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URBAN CO-OPERATIVE BANK LTD.,BASTI
|
|
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
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IMPOSED PENALTY RS.1,00,000
26-JUN-2018
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|
|
9
|
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VYAVASAYIK SAHAKARI BANK MARYADIT
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
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
04-JAN-2021
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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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