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Co-Sponsors

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 OF RBI ON TRANSFER OF UNCLAIMED DEPOSITS TO DEPOSITOR EDUCATION AND AWARENESS FUND UNDER SECTION 26(A) OF BANKING REGULATION, ACT 1949 IBID

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CHITTOOR CO-OPERATIVE TOWN BANK LTD.,THE
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF UNCLAIMED DEPOSITS TO DEPOSITOR EDUCATION AND AWARENESS FUND UNDER SECTION 26(A) OF BANKING REGULATION, ACT 1949 IBID   IMPOSED PENALTY RS.50,000

13-FEB-2019 		 
2
History of entity/person PROGRESSIVE CO-OPERATIVE BANK LTD.
  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 OF RBI ON LENDING TO NOMINAL MEMBERS

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF UNCLAIMED DEPOSITS TO DEPOSITOR EDUCATION AND AWARENESS FUND UNDER SECTION 26(A) OF BANKING REGULATION, ACT 1949 IBID   		IMPOSED PENALTY RS.4,00,000

23-FEB-2017 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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