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Regulatory Actions Covered By This Website

REGULATORY ACTIONS IN CHRONOLOGICAL ORDER

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

ENTITY

S.
No.		 DATE OF ORDER ENTITY PERSON COMPETENT AUTHORITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 20-NOV-2024
History of entity/person LUNAWADA NAGRIK SAHAKARI BANK LTD.THE,   
  RBI  DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)

OPENED ON-SITE AUTOMATED TELLER MACHINE (ATM) WITHOUT PRIOR APPROVAL FROM RBI

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS  		IMPOSED PENALTY RS.2,10,000

20-NOV-2024 		 
2 19-NOV-2024
History of entity/person RBL BANK LTD. 

(Old Name : RATNAKAR BANK LTD.,THE)  
  RBI  DID NOT OBTAIN PRESCRIBED OFFICIALLY VALID DOCUMENT (OVD) AT THE TIME OF OPENING OF CERTAIN CREDIT CARD ACCOUNTS

ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS  		IMPOSED PENALTY RS.61,40,000

19-NOV-2024 		 
3 18-NOV-2024
History of entity/person KAPADWANJ PEOPLES CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

ACCEPTED INTEREST-FREE DEPOSITS ACCOUNTS OTHER THAN CURRENT ACCOUNT

OPENED SAVINGS DEPOSIT ACCOUNTS OF TRUST/INSTITUTIONS WHOSE ENTIRE INCOME NOT EXEMPT FROM PAYMENT OF INCOME-TAX UNDER THE INCOME TAX ACT, 1961

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS  		IMPOSED PENALTY RS.3,00,000

18-NOV-2024 		 
4 15-NOV-2024
History of entity/person KARJAN NAGARIK SAHAKARI BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO

DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF KYC (KNOW YOUR CLIENTS) OF CERTAIN CUSTOMERS WITHIN PRESCRIBED PERIODICITY  		IMPOSED PENALTY RS.2,10,000

15-NOV-2024 		 
5 15-NOV-2024
History of entity/person KHEDA PEOPLE'S CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

DID NOT DEPOSIT PRESCRIBED AMOUNT TO MSE REFINANCE FUND MAINTAIN WITH SIDBI AGAINST SHORTFALL IN ACHIEVEMENT OF PSL TARGET FOR FY 2022-23 WITHIN PRESCRIBED TIME EVEN AFTER ISSUANCE OF CAUTIONARY LETTER  		IMPOSED PENALTY RS.2,10,000

15-NOV-2024 		 
6 15-NOV-2024
History of entity/person VIJAY COMMERCIAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS  IMPOSED PENALTY RS.1,00,000

15-NOV-2024 		 
7 14-NOV-2024
History of entity/person ANANDESHWARI NAGRIK SAHKARI BANK MARYADIT   
  RBI  DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS  		IMPOSED PENALTY RS.50,000

14-NOV-2024 		 
8 14-NOV-2024
History of entity/person GPT SONS PVT.LTD.   
  RBI  DID NOT TRANSFER 20% OF ITS NET PROFIT TO STATUTORY RESERVE  IMPOSED PENALTY RS.25,000

14-NOV-2024 		 
9 13-NOV-2024
History of entity/person AMOD NAGRIC CO-OPERATIVE BANK LTD.,THE   
  RBI  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS

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

13-NOV-2024 		 
10 13-NOV-2024
History of entity/person NATIONAL CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

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 REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS  		IMPOSED PENALTY RS.4,10,000

13-NOV-2024 		 
11 13-NOV-2024
History of entity/person NAWADAH CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)

DID NOT PUT IN PLACE A SYSTEM OF PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS  		IMPOSED PENALTY RS.1,25,000

13-NOV-2024 		 
12 13-NOV-2024
History of entity/person RAJULA NAGRIK SAHAKARI BANK LTD.,THE   
  RBI  SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS

DID NOT CLASSIFY ACCOUNTS AS INOPERATIVE/DORMANT WHERE NO CUSTOMER INDUCED TRANSACTION OCCURRED FOR TWO YEARS  		IMPOSED PENALTY RS.1,25,000

13-NOV-2024 		 
13 13-NOV-2024
History of entity/person SUNDARGARH DIST.CENTRAL CO-OPERATIVE BANK LTD.,THE   
  RBI  VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND

DID NOT FOLLOW CUSTOMER DUE DILIGENCE (CDD) PROCEDURE WHILE ESTABLISHING ACCOUNT-BASED RELATIONSHIP IN CERTAIN ACCOUNTS  		IMPOSED PENALTY RS.3,00,000

13-NOV-2024 		 
14 12-NOV-2024
History of entity/person LALBAUG CO-OPERATIVE BANK LTD.   
  RBI  DID NOT DEPOSIT PRESCRIBED AMOUNT TO MSE REFINANCE FUND MAINTAIN WITH SIDBI AGAINST SHORTFALL IN ACHIEVEMENT OF PSL TARGET FOR FY 2022-23 WITHIN PRESCRIBED TIME EVEN AFTER ISSUANCE OF CAUTIONARY LETTER  IMPOSED PENALTY RS.1,00,000

12-NOV-2024 		 
15 12-NOV-2024
History of entity/person M.S.CO-OPERATIVE BANK LTD.   
  RBI  DID NOT PAY ELIGIBLE INTEREST AT THE TIME OF REPAYMENT ON MATURED UNPAID TERM DEPOSITS FOR THE PERIOD THEY REMAINED UNCLAIMED WITH BANK

DID NOT PAY ELIGIBLE INTEREST AT THE TIME OF REPAYMENT ON TERM DEPOSITS MATURING ON SUNDAY/HOLIDAY/NON-BUSINESS WORKING DAY AND PAID ON SUCCEEDING WORKING DAYS

DID NOT PAY INTEREST ON BALANCES LYING IN CURRENT ACCOUNT STANDING IN NAME OF DECEASED INDIVIDUAL DEPOSITORS OR SOLE PROPRIETORSHIP CONCERNS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK  		IMPOSED PENALTY RS.1,50,000

12-NOV-2024 		 
16 12-NOV-2024
History of entity/person MANSA NAGARIK SAHAKARI BANK LTD.,THE   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON INTEREST RATE ON DEPOSITS  IMPOSED PENALTY RS.50,000

12-NOV-2024 		 
17 12-NOV-2024
History of entity/person NAWANAGAR CO-OPERATIVE BANK LTD.,THE   
  RBI  SANCTIONED AND RENEWED A LOAN TO FIRM IN WHICH RELATIVE OF DIRECTOR STOOD AS GUARANTOR OF THE LOAN

DID NOT MAKE DISCLOSURE OF PENALTY IMPOSED BY RBI IN ‘NOTES TO ACCOUNTS’ TO BALANCE SHEET IN ITS ANNUAL REPORT  		IMPOSED PENALTY RS.2,50,000

12-NOV-2024 		 
18 12-NOV-2024
History of entity/person VEPAR UDHYOG VIKAS SAHAKARI BANK LTD.,THE   
  RBI  DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION  		IMPOSED PENALTY RS.1,50,000

12-NOV-2024 		 
19 11-NOV-2024
History of entity/person GAUHATI CO-OPERATIVE URBAN BANK LTD.   
  RBI  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS

DID NOT UPLOAD CUSTOMER’S KNOW YOUR CLIENTS (KYC) RECORDS ON CKYCR WITHIN TEN DAYS OF COMMENCEMENT OF ACCOUNT-BASED RELATIONSHIP WITH CUSTOMERS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK

DID NOT UPLOAD CREDIT INFORMATION TO CREDIT INFORMATION COMPANIES (CICS)  		IMPOSED PENALTY RS.80,000

11-NOV-2024 		 
20 11-NOV-2024
History of entity/person JAYNAGAR MOZILPUR PEOPLE’S CO-OPERATIVE BANK LTD.,THE   
  RBI  DID NOT DEPOSIT PRESCRIBED AMOUNT TO MSE REFINANCE FUND MAINTAIN WITH SIDBI AGAINST SHORTFALL IN ACHIEVEMENT OF PSL TARGET FOR FY 2022-23 WITHIN PRESCRIBED TIME EVEN AFTER ISSUANCE OF CAUTIONARY LETTER  IMPOSED PENALTY RS.6,34,000

11-NOV-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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