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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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BHARAT CO-OPERATIVE BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
SANCTIONED FRESH LOANS AND ADVANCES OTHER THAN LOANS AGAINST COLLATERAL SECURITY OF TERM DEPOSITS/NSCS/KVPS/INSURANCE POLICIES VIOLATING SAF DIRECTIONS
|
IMPOSED PENALTY RS.3,00,000 FROM 18-DEC-2024
18-DEC-2024
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2
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KAMARAJ CO-OPERATIVE TOWN BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
SANCTIONED CERTAIN LOANS WITHOUT COMPLYING WITH SHARE LINKING TO BORROWINGS NORMS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM
ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
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IMPOSED PENALTY RS.2,00,000 FROM 03-JAN-2025
03-JAN-2025
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3
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PONDICHERRY CO-OPERATIVE URBAN BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
SANCTIONED FRESH LOANS AND ADVANCES OTHER THAN LOANS AGAINST COLLATERAL SECURITY OF TERM DEPOSITS/NSCS/KVPS/INSURANCE POLICIES VIOLATING SAF DIRECTIONS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.1,00,000 FROM 06-DEC-2024
06-DEC-2024
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4
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RATANCHAND SHAH SAHAKARI BANK LTD.
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS
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IMPOSED PENALTY RS.2,00,000 FROM 30-MAY-2025
30-MAY-2025
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5
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SATARA SAHAKARI BANK LTD.,THE
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ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
|
IMPOSED PENALTY RS.2,00,000 FROM 23-OCT-2025
23-OCT-2025
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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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