|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
CHANDRAPUR DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.2,50,000
08-JUL-2024
|
|
|
2
|
|
|
GONDIA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)
|
IMPOSED PENALTY RS.2,60,000
21-OCT-2024
|
|
|
3
|
|
|
JANSEVA CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS
|
IMPOSED PENALTY RS.50,000
13-FEB-2024
|
|
|
4
|
|
|
KUTCH MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.3,00,000
30-NOV-2023
|
|
|
5
|
|
|
NOIDA COMMERCIAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
|
IMPOSED PENALTY RS.2,50,000
14-MAY-2024
|
|
|
6
|
|
|
SINDHUDURG DIST.CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.2,00,000
25-SEP-2024
|
|
|
7
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
LEVIED CHARGES ON CERTAIN CUSTOMERS FOR SENDING SMS ALERT DESPITE NOT HAVING MOBILE NUMBERS OF SUCH CUSTOMERS ON RECORD
|
IMPOSED PENALTY RS.61,60,000
23-SEP-2024
|
|
|
8
|
|
|
TRANSPORT CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000
14-FEB-2024
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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