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

PRIVATE BANKS: WRONGLY REPORTED EXTERNAL RATING OF CERTAIN BORROWERS TO CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person TAMILNAD MERCANTILE BANK LTD.
  DID NOT BENCHMARK FLOATING RATE PERSONAL AND/OR RETAIL LOANS AND LOANS TO MSME TO AN EXTERNAL BENCHMARK

ADOPTED MULTIPLE BENCHMARKS WITHIN SAME LOAN CATEGORY

DID NOT PRICE CERTAIN FLOATING RATE LOANS WITH REFERENCE TO ACTUAL BENCHMARK RATE APPLICABLE TO THOSE LOANS

WRONGLY REPORTED EXTERNAL RATING OF CERTAIN BORROWERS TO CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC)   		IMPOSED PENALTY RS.1,31,80,000

13-MAR-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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