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

NATIONALISED BANKS: SANCTIONED WORKING CAPITAL DEMAND LOAN TO A CORPORATION AGAINST AMOUNTS RECEIVABLE FROM GOVERNMENT BY WAY OF SUBSIDIES/REFUNDS/REIMBURSEMENTS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BANK OF BARODA
  DELAY IN REPORTING OF CREDIT INFORMATION PERTAINING TO CERTAIN ELIGIBLE LOAN ACCOUNTS TO CRILC REPORTING PLATFORM OF RBI

SANCTIONED TERM LOAN TO A CORPORATION (I) IN LIEU OF OR TO SUBSTITUTE BUDGETARY RESOURCES ENVISAGED FOR CERTAIN PROJECTS (II) WITHOUT UNDERTAKING DUE DILIGENCE ON THE VIABILITY AND BANKABILITY OF THE PROJECTS TO ENSURE THAT REVENUE STREAMS FROM THE PROJECTS WERE SUFFICIENT TO TAKE CARE OF THE DEBT SERVICING OBLIGATIONS AND (III) THE REPAYMENT/SERVICING OF WHICH WAS MADE OUT OF BUDGETARY RESOURCES

SANCTIONED WORKING CAPITAL DEMAND LOAN TO A CORPORATION AGAINST AMOUNTS RECEIVABLE FROM GOVERNMENT BY WAY OF SUBSIDIES/REFUNDS/REIMBURSEMENTS

OPENED SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF CO-OPERATIVE BANK   		IMPOSED PENALTY RS.4,34,00,000

02-NOV-2023 		 
2
History of entity/person CENTRAL BANK OF INDIA
  SANCTIONED WORKING CAPITAL DEMAND LOAN TO A CORPORATION AGAINST AMOUNTS RECEIVABLE FROM GOVERNMENT BY WAY OF SUBSIDIES/REFUNDS/REIMBURSEMENTS

DID NOT CREDIT (SHADOW REVERSAL) AMOUNTS INVOLVED IN CERTAIN UNAUTHORIZED ELECTRONIC TRANSACTIONS INTO ACCOUNTS OF CUSTOMERS WITHIN TEN WORKING DAYS FROM THE DATES OF NOTIFICATION BY THE CUSTOMERS

DID NOT RESOLVE COMPLAINTS AND PROVIDE COMPENSATION TO CERTAIN CUSTOMERS WITHIN NINETY DAYS FROM DATE OF RECEIPT OF SUCH COMPLAINTS   		IMPOSED PENALTY RS.1,45,50,000

11-JUN-2024 		 
3
History of entity/person PUNJAB NATIONAL BANK
  SANCTIONED WORKING CAPITAL DEMAND LOAN TO A CORPORATION AGAINST AMOUNTS RECEIVABLE FROM GOVERNMENT BY WAY OF SUBSIDIES/REFUNDS/REIMBURSEMENTS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRESERVATION OF RECORDS OF IDENTIFICATION OF CUSTOMERS AND/OR THEIR ADDRESSES   		IMPOSED PENALTY RS.1,31,80,000

03-JUL-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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