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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
BHARAT CO-OPERATIVE BANK (MUMBAI) LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
|
IMPOSED PENALTY RS.15,00,000 FROM 18-DEC-2024
18-DEC-2024
|
|
|
2
|
|
|
JANATA SAHAKARI BANK LTD.,PUNE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
|
IMPOSED PENALTY RS.17,50,000 FROM 07-JAN-2025
07-JAN-2025
|
|
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3
|
|
|
KODUNGALLUR TOWN CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES
|
IMPOSED PENALTY RS.1,00,000 FROM 26-MAR-2025
26-MAR-2025
|
|
|
4
|
|
|
KOYANA SAHAKARI BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
|
IMPOSED PENALTY RS.2,00,000 FROM 26-SEP-2024
26-SEP-2024
|
|
|
5
|
|
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MANSING CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
|
IMPOSED PENALTY RS.1,00,000 FROM 26-SEP-2024
26-SEP-2024
|
|
|
6
|
|
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NAGAR SAHKARI BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
|
IMPOSED PENALTY RS.4,00,000 FROM 29-MAR-2024
29-MAR-2024
|
|
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7
|
|
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RAJDHANI NAGAR SAHKARI BANK LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
|
IMPOSED PENALTY RS.5,00,000 FROM 30-MAR-2024
30-MAR-2024
|
|
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8
|
|
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SBPP CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
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IMPOSED PENALTY RS.15,00,000 FROM 13-DEC-2024
13-DEC-2024
|
|
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9
|
|
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SHRI BASAVESHWAR SAHAKARI BANK NIYAMITHA
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES
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IMPOSED PENALTY RS.1,00,000 FROM 12-NOV-2025
12-NOV-2025
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10
|
|
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SREE CHARAN SOUHARDHA CO-OPERATIVE BANK LTD.
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|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
OFFERED INTEREST RATES ON DEPOSITS HIGHER THAN THOSE OFFERED BY STATE BANK OF INDIA AND SANCTIONED FRESH LOANS & ADVANCES VIOLATING DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)
|
IMPOSED PENALTY RS.2,00,000 FROM 05-NOV-2024
05-NOV-2024
|
|
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11
|
|
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SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
LEVIED CHARGES ON CERTAIN CUSTOMERS FOR SENDING SMS ALERT DESPITE NOT HAVING MOBILE NUMBERS OF SUCH CUSTOMERS ON RECORD
|
IMPOSED PENALTY RS.61,60,000 FROM 23-SEP-2024
23-SEP-2024
|
|
|
12
|
|
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VALSAD MAHILA NAGARIK SAHAKARI BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION
DID NOT CLASSIFY ACCOUNTS AS INOPERATIVE/DORMANT WHERE NO CUSTOMER INDUCED TRANSACTION OCCURRED FOR TWO YEARS
|
IMPOSED PENALTY RS.1,25,000 FROM 14-AUG-2024
14-AUG-2024
|
|
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13
|
|
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YASHWANT CO-OPERATIVE BANK LTD.,THE
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|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
SANCTIONED LOANS THAT BREACHED CEILING ON UNSECURED ADVANCES AND EXPOSURE TO INDIVIDUAL MEMBERS AND NOMINAL MEMBERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
|
IMPOSED PENALTY RS.5,00,000 FROM 16-JUL-2024
16-JUL-2024
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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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