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Regulatory actions in Chronological Order

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

30-MAY-2025

BATHINDA CENTRAL CO-OPERATIVE BANK LTD.,THE

RBI

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

IMPOSED PENALTY RS.3,00,000

30-MAY-2025

30-MAY-2025

CITIZEN CO-OPERATIVE BANK LTD.,THE,NOIDA

RBI

DID NOT ENSURE THAT PRIOR PERMISSION OF RBI WAS OBTAINED BY A PERSON BEFORE ISSUING/ALLOTTING SHARES TO HIM ALONG WITH HIS RELATIVES, BEYOND PERMISSIBLE LIMIT

DID NOT PUT IN TO USE ANY ROBUST SOFTWARE AS A PART OF EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS

IMPOSED PENALTY RS.6,00,000

30-MAY-2025

30-MAY-2025

JAMMU & KASHMIR STATE CO-OPERATIVE BANK LTD.,THE

RBI

DID NOT OBTAIN OFFICIALLY VALID DOCUMENTS (OVD) OF ITS CUSTOMERS WHILE ESTABLISHING ACCOUNT-BASED RELATIONSHIP

IMPOSED PENALTY RS.2,00,000

30-MAY-2025

28-MAY-2025

YASHWANT CO-OPERATIVE BANK LTD.,THE

RBI

DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1949

RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE ANY INVESTMENT, INCUR ANY LIABILITIES INCLUDING BORROWAL OF FUNDS AND ACCEPTANCE OF FRESH DEPOSITS, DISBURSE OR AGREE TO DISBURSE ANY PAYMENT WHETHER IN DISCHARGE OF ITS LIABILITIES AND OBLIGATIONS OR OTHERWISE, ENTER INTO ANY COMPROMISE OR ARRANGEMENT AND SELL, TRANSFER OR OTHERWISE DISPOSE OF ANY OF ITS PROPERTIES OR ASSETS FROM 28-MAY-2025 TO 28-NOV-2025

28-MAY-2025

27-MAY-2025

INDIA HOME LOAN LTD.

(Old Name : MANOJ HOUSING FINANCE CO.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 ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF �KNOW YOUR CLIENTS� OF CUSTOMERS AS PER RISK

IMPOSED PENALTY RS.32,000

27-MAY-2025

27-MAY-2025

KUNBI SAHAKARI BANK LTD.

RBI

SANCTIONED FRESH LOANS AND ADVANCES OTHER THAN LOANS AGAINST COLLATERAL SECURITY OF TERM DEPOSITS/NSCS/KVPS/INSURANCE POLICIES VIOLATING SAF DIRECTIONS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI WHEN INCREASED ITS EXPOSURE TO SECTOR WHERE LEVEL OF NPAS WERE HIGH AND DECLARED DIVIDEND WITHOUT PRIOR PERMISSION OF RBI VIOLATING SAF DIRECTIONS

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.2,50,000

27-MAY-2025

23-MAY-2025

TRANSACTREE TECHNOLOGIES PVT.LTD.

RBI

ROUTED AMOUNTS DISBURSED AND COLLECTED IN LOAN ACCOUNTS IN P2P PLATFORM THROUGH �CO-LENDING ESCROW ACCOUNT� IN VIOLATION OF �FUND TRANSFER MECHANISM�

DID NOT UNDERTAKE AND DISCLOSE CREDIT ASSESSMENT AND RISK PROFILE OF BORROWERS TO PROSPECTIVE LENDERS

DISBURSED LOANS TO INDIVIDUAL BORROWERS WITHOUT SPECIFIC APPROVAL OF INDIVIDUAL LENDERS

IMPOSED PENALTY RS.40,00,000

23-MAY-2025

23-MAY-2025

UNION BANK OF INDIA

RBI

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

OBTAINED COLLATERAL SECURITY FOR AGRICULTURAL LOANS UPTO RS.1.60 LAC IN CERTAIN CASES

IMPOSED PENALTY RS.63,60,000

23-MAY-2025

22-MAY-2025

MURSHIDABAD DISTRICT CENTRAL CO-OPERATIVE BANK LTD.

RBI

IMPOSED PENALTY RS.2,10,000

22-MAY-2025

20-MAY-2025

ASKA 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)

IMPOSED PENALTY RS.10,000

20-MAY-2025

19-MAY-2025

HCBL CO-OPERATIVE BANK LTD.