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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
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|
1
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CO-OPERATIVE BANK OF RAJKOT LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
|
IMPOSED PENALTY RS.2,00,000 FROM 13-OCT-2022
13-OCT-2022
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2
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|
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DHRANGADHRA PEOPLES' CO-OPERATIVE BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PLACEMENT OF DEPOSITS WITH OTHER BANKS BY PRIMARY (URBAN) CO-OPERATIVE BANKS (UCBS)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.2,00,000 FROM 08-JUN-2021
08-JUN-2021
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3
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JILA SAHAKARI KENDRIYA BANK MARYADIT, NARSINGHPUR
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DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1949
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.1,00,000 FROM 09-MAR-2022
09-MAR-2022
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4
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JILA SAHAKARI KENDRIYA BANK MARYADIT,GUNA
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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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
|
IMPOSED PENALTY RS.1,00,000 FROM 16-SEP-2021
16-SEP-2021
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5
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JILA SAHAKARI KENDRIYA BANK MARYADIT,PANNA
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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
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IMPOSED PENALTY RS.1,00,000 FROM 24-FEB-2022
24-FEB-2022
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6
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JILA SAHAKARI KENDRIYA BANK MARYADIT,SATNA
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON SPECIFYING THE EXTENT AND CONDITIONS SUBJECT TO WHICH CO-OPERATIVE BANKS PERMITTED TO HOLD SHARES IN ANY OTHER CO-OPERATIVE SOCIETY
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IMPOSED PENALTY RS.25,000 FROM 25-FEB-2022
25-FEB-2022
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7
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JILA SAHAKARI KENDRIYA BANK MARYADIT,SHAHDOL
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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
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IMPOSED PENALTY RS.1,00,000 FROM 06-APR-2022
06-APR-2022
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8
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JILLA SAHAKARI KENDRIYA BANK MARYADIT
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DID NOT ADHERE TO DIRECTION ISSUED BY RBI ON TRANSFER TO RESERVE FUNDS VIOLATING SECTION 17(1) AND 11(2)(B)(II) OF BANKING REGULATION ACT, 1949
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.1,00,000 FROM 22-FEB-2021
22-FEB-2021
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9
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KAKINADA CO-OPERATIVE TOWN BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.10,00,000 FROM 22-AUG-2022
22-AUG-2022
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10
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KAUJALGI URBAN CO-OPERATIVE CREDIT BANK LTD.
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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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.1,00,000 FROM 27-FEB-2017
27-FEB-2017
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11
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KURLA NAGARIK SAHAKARI BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.1,00,000 FROM 14-OCT-2021
14-OCT-2021
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12
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NATIONAL CENTRAL CO-OPERATIVE BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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
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IMPOSED PENALTY RS.2,00,000 FROM 08-JUL-2022
08-JUL-2022
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13
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VARACHHA CO-OPERATIVE BANK LTD.THE,
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
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IMPOSED PENALTY RS.1,00,000 FROM 19-JAN-2022
19-JAN-2022
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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