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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 PERTAINING TO CEILING ON UNSECURED ADVANCES APPLICABLE TO URBAN CO-OPERATIVE BANKS (UCBS)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BAPUNAGAR MAHILA CO-OPERATIVE BANK LTD.,THE
  INORDINATE DELAY IN REPORTING OF SECURITIES TRANSACTION REPORTS (STRS) WITHOUT ANY COGENT REASON

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES PERTAINING TO CEILING ON UNSECURED ADVANCES APPLICABLE TO URBAN CO-OPERATIVE BANKS (UCBS)

DID NOT FILE FIRST INFORMATION REPORT

DELAYED FILING OF FIRST INFORMATION REPORT (FIR)   		IMPOSED PENALTY RS.5,00,000

05-OCT-2012 		 
2
History of entity/person ERNAKULAM DISTRICT CO-OPERATIVE BANK LTD.,THE
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES PERTAINING TO CEILING ON UNSECURED ADVANCES APPLICABLE TO URBAN CO-OPERATIVE BANKS (UCBS)   IMPOSED PENALTY RS.5,00,000

01-AUG-2012 		 
3
History of entity/person MAHILA VIKAS CO-OPERATIVE BANK LTD.
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES PERTAINING TO CEILING ON UNSECURED ADVANCES APPLICABLE TO URBAN CO-OPERATIVE BANKS (UCBS)

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

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.10,00,000

20-MAR-2019 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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