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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

URBAN CO-OPERATIVE BANKS: DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BAGHAT URBAN CO-OPERATIVE BANK LTD. THE,
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)   IMPOSED PENALTY RS.3,00,000

08-MAR-2022 		 
2
History of entity/person GADHINGLAJ URBAN CO-OPERATIVE BANK LTD.,THE
  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

DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)

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   		IMPOSED PENALTY RS.10,00,000

09-AUG-2021 		 
3
History of entity/person JAMSHEDPUR URBAN CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)   IMPOSED PENALTY RS.1,00,000

10-NOV-2022 		 
4
History of entity/person NAVBHARAT CO-OPERATIVE URBAN BANK LTD.
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)

DELAY IN REPORTING CYBER SECURITY INCIDENT

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REQUIREMENTS ON IS AUDIT AND INTERNAL AUDIT COMPLIANCE   		IMPOSED PENALTY RS.12,00,000

25-JAN-2022 		 
5
History of entity/person PARWANOO URBAN CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)   IMPOSED PENALTY RS.3,00,000

15-NOV-2022 		 
6
History of entity/person SAWANTWADI URBAN CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)   IMPOSED PENALTY RS.3,00,000

29-MAY-2023 		 
7
History of entity/person SAWANTWADI URBAN CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)   IMPOSED PENALTY RS.1,00,000

15-JUL-2021 		 
8
History of entity/person TURA URBAN CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RISK CATEGORIZATION OF ACCOUNTS   		IMPOSED PENALTY RS.1,50,000

07-DEC-2022 		 
9
History of entity/person VAIDYANATH URBAN CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)   IMPOSED PENALTY RS.1,50,000

07-FEB-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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