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Regulatory Actions Covered By This Website

RESERVE BANK OF INDIA

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 PERIOD COVERED
FROMTO/UPTIL
Asset Reconstruction Co. 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of registration  
Imposed penalty  
Reasons for Action
Did not adhere to directives/instructions/guidelines of RBI in relation to income recognition, asset classification and provisioning directives/instructions/guidelines  
Surrendered certificate of registration  
Company/person 01/08/1996 11/09/2026
Actions by RBI
Designated as terrorists  
Reasons for Action
Involved in terrorism under unlawful activities (prevention) act, 1967  
Co-operative Banks 01/08/1996 11/09/2026
Actions by RBI
Cancelled banking license  
Cautioned public that RBI has not granted permission to carry out banking activities  
Ceased to be a banking co.  
Directed not to be entered into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets  
Directed not to disburse or agreed to disburse any payment whether in discharge of its liabilities and obligations or otherwise  
Directed registrar of co-operative societies to issue order for winding up of bank and appoint liquidator  
Entered into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in RBI directions dated 28/08/2014  
Imposed penalty  
Issued stay order to stop all transactions  
Placed under directions  
Placed under directions & inspection ordered  
Prohibited from accepting deposits  
Prohibited from carrying on 'banking business' including acceptance and repayment of deposit  
Prohibited from conducting banking business in under section 5(B) of the banking regulation act, 1949  
Prohibited from disbursing any payments (except to small depositors)  
Prohibited from granting/renewing any loans/advances  
Prohibited from incurring any liability including borrowal of funds/fresh deposits  
Prohibited from making any investment  
Prohibited from repaying deposits  
Prohibited from selling/transferring any properties/assets  
Rejection of application for banking license  
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  
Restrained from granting or renewing any loan /advances, make investment, incur liabilities, borrow, deal in properties etc. without approval of RBI in writing  
Superseded board of directors  
Winding up of bank  
Reasons for Action
Allowed intra-day overdrawals in several accounts  
Allowed limits beyond exposure ceiling  
Allowed premature withdrawal of fixed deposits despite directives/instructions/guidelines imposed by RBI u/s 36 (1) of the banking regulations act, 1949  
Allowed remission of debt in various borrowal accounts  
Breached individual housing loan limit  
Breached limit on loans for repair for house  
Breached limit on unsecured advances and unsecured overdraft facilities  
Ceased to be solvent  
Conducted operations in a manner detrimental to the interest of present and future depositors and of public violating sections 22(3) (a) to 22(3)(E) and 24 of banking regulation act, 1949  
Conducted operations in a manner detrimental to the interest of present and future depositors violating section 11 and 22 (3) of banking regulation act, 1949  
Created floating charges on standard assets without prior approval of RBI  
Default in maintenance of statutory liquidity ratio (slr)  
Defaulted in maintenance of Cash Reserve Ratio  
Defaulted in membership of credit information companies (cics)  
Deficiencies in compliance with RBI instructions on 'fit and proper' criteria for directors of banks  
Deficiencies in regulatory compliance  
Delayed compliance of deficiencies as per RBI inspection  
Delayed filing of first information report (fir)  
Delayed submission of compliance to inspection report of RBI  
Did not adhere to anti money laundering (aml) and/or counter financing of terrorism (cft) directives/instructions/guidelines  
Did not adhere to certain directives/instructions/guidelines issued by RBI under supervisory action framewark  
Did not adhere to clean note policy  
Did not adhere to deaf scheme  
Did not adhere to direction issued by RBI violating section 27 read with section 56 of banking regulation act, 1949  
Did not adhere to directives on risk categorization and fixation of threshold limits  
Did not adhere to directives pertaining to collection of third party account payee cheques  
Did not adhere to directives/instructions/guidelines for gold loan with bullet repayment option  
Did not adhere to directives/instructions/guidelines issued by RBI on atm-cum-debit cards  
Did not adhere to directives/instructions/guidelines issued by RBI on board of directors of urban co-operative banks (ucbs)  
Did not adhere to directives/instructions/guidelines issued by RBI on lending for purchase of land for construction of commercial property  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs and/or banks  
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 issued by RBI on urban co-operative banks (ucbs)  
Did not adhere to directives/instructions/guidelines issued by RBI to grant of loans against security of gold jewellery  
Did not adhere to directives/instructions/guidelines of facility for generating alert report for cash transaction report (ctr)/suspicious transaction report (str)  
Did not adhere to directives/instructions/guidelines of RBI by allowing cash withdrawal of Rs.20 lakh after banking hours without approval of board of directors  
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 “reserve bank of india (fraud classification and reporting by commercial banks and select fis) directives/instructions/guidelines, 2016”  
Did not adhere to directives/instructions/guidelines of RBI on acquisition of non-banking asset  
Did not adhere to directives/instructions/guidelines of RBI on audit committee of board  
Did not adhere to directives/instructions/guidelines of RBI on bank finance against shares and debentures of ucbs  
Did not adhere to directives/instructions/guidelines of RBI on bought insurance policy for its employees from one of its directors who was also agent of insurance co.  
Did not adhere to directives/instructions/guidelines of RBI on breach of prescribed individual borrower exposure limit  
Did not adhere to directives/instructions/guidelines of RBI on ceiling on inter-bank deposits  
Did not adhere to directives/instructions/guidelines of RBI on classification and valuation of investments by banks  
Did not adhere to directives/instructions/guidelines of RBI on classification of investments into htm/afs/hft categories  
Did not adhere to directives/instructions/guidelines of RBI on constitute board of management  
Did not adhere to directives/instructions/guidelines of RBI on creation of floating charges on assets without prior permission of RBI  
Did not adhere to directives/instructions/guidelines of RBI on credit exposure directives/instructions/guidelines on loans & advances  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on declaration and payment of dividend  
Did not adhere to directives/instructions/guidelines of RBI on declaration of dividend  
Did not adhere to directives/instructions/guidelines of RBI on declaration of dividend by ucbs  
Did not adhere to directives/instructions/guidelines of RBI on delay in submission of compliance  
Did not adhere to directives/instructions/guidelines of RBI on delayed/non-submission of compliance to various irregularities  
Did not adhere to directives/instructions/guidelines of RBI on depositor education and awareness fund scheme, 2014  
Did not adhere to directives/instructions/guidelines of RBI on disclosure of monetary penalty in public domain  
Did not adhere to directives/instructions/guidelines of RBI on discounting of bills by usbs - restricted letters of credit  
Did not adhere to directives/instructions/guidelines of RBI on discounting/rediscounting of bills  
Did not adhere to directives/instructions/guidelines of RBI on disposal of non-banking assets  
Did not adhere to directives/instructions/guidelines of RBI on dispose off non-banking asset within statutory timeline from date of its acquisition  
Did not adhere to directives/instructions/guidelines of RBI on donations to trusts and institutions  
Did not adhere to directives/instructions/guidelines of RBI on donations/contributions for public/charitable purposes out of profit of urban co-operative banks  
Did not adhere to directives/instructions/guidelines of RBI on exchange/acceptance of specified bank notes (sbns)  
Did not adhere to directives/instructions/guidelines of RBI on exposure directives/instructions/guidelines  
Did not adhere to directives/instructions/guidelines of RBI on exposure directives/instructions/guidelines and statutory/other restrictions  
Did not adhere to directives/instructions/guidelines of RBI on extension of fresh loans and advances carrying risk weights of 100% and above  
Did not adhere to directives/instructions/guidelines of RBI on finance against properties situated in unauthorized colonies  
Did not adhere to directives/instructions/guidelines of RBI on finance for housing schemes  
Did not adhere to directives/instructions/guidelines of RBI on financial statements - presentation and disclosures  
Did not adhere to directives/instructions/guidelines of RBI on giving donation exceeding prescribed limit  
Did not adhere to directives/instructions/guidelines of RBI on grant of unsecured loan and allowed frequent od in cc account beyond prescribed limit  
Did not adhere to directives/instructions/guidelines of RBI on granting loans for real estate purposes  
Did not adhere to directives/instructions/guidelines of RBI on group borrower limits  
Did not adhere to directives/instructions/guidelines of RBI on housing, real estate & commercial real estate sector  
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to directives/instructions/guidelines of RBI on individual shareholding ceiling of 5% of paid-up capital  
Did not adhere to directives/instructions/guidelines of RBI on individual unsecured advances exposure limit, group borrower limit and submission of compliance to RBI  
Did not adhere to directives/instructions/guidelines of RBI on individual unsecured exposure limit of Rs.2 lakh and non-remission of funds to depositor education and awareness fund  
Did not adhere to directives/instructions/guidelines of RBI on inspection & audit system in ucbs  
Did not adhere to directives/instructions/guidelines of RBI on inspection & other related matters  
Did not adhere to directives/instructions/guidelines of RBI on inspection compliance  
Did not adhere to directives/instructions/guidelines of RBI on installation of automated teller machine (atm)  
Did not adhere to directives/instructions/guidelines of RBI on inter-bank (gross) exposure limit, inter-bank counter party limit and unsecured advances limit  
Did not adhere to directives/instructions/guidelines of RBI on investment and prudential limit on non-slr investment  
Did not adhere to directives/instructions/guidelines of RBI on lending to nominal members  
Did not adhere to directives/instructions/guidelines of RBI on levy of penal charges on non-maintenance of minimum balances in savings bank accounts  
Did not adhere to directives/instructions/guidelines of RBI on linking of share capital to borrowings  
Did not adhere to directives/instructions/guidelines of RBI on loans & advances to directors etc as surety/guarantors classification of ucbs  
Did not adhere to directives/instructions/guidelines of RBI on loans and/or advances to directors and their relatives  
Did not adhere to directives/instructions/guidelines of RBI on making donation despite accumulated loss during previous year  
Did not adhere to directives/instructions/guidelines of RBI on management of advances  
Did not adhere to directives/instructions/guidelines of RBI on maximum limits on unsecured advances/loans  
Did not adhere to directives/instructions/guidelines of RBI on members holding paid up share capital limit in excess of stipulated limit  
Did not adhere to directives/instructions/guidelines of RBI on names as appearing in certificate of registration and licence use of primary (urban) co-operative banks  
Did not adhere to directives/instructions/guidelines of RBI on opening of new branch  
Did not adhere to directives/instructions/guidelines of RBI on opening of savings bank accounts  
Did not adhere to directives/instructions/guidelines of RBI on operational matters  
Did not adhere to directives/instructions/guidelines of RBI on operations, branch authorisation policy, opening/up-gradation of extension counters, atms and shifting/splitting/closure of offices  
Did not adhere to directives/instructions/guidelines of RBI on outstanding unsecured exposure limit of 10%  
Did not adhere to directives/instructions/guidelines of RBI on payment of interests on term deposits, single and group borrower exposure limits and grant of unsecured advances  
Did not adhere to directives/instructions/guidelines of RBI on policy & practices regarding nominal membership  
Did not adhere to directives/instructions/guidelines of RBI on prescribed exposure limits towards real estate, commercial real estate & housing loans  
Did not adhere to directives/instructions/guidelines of RBI on professional director  
Did not adhere to directives/instructions/guidelines of RBI on prohibiting acceptance of fresh deposits  
Did not adhere to directives/instructions/guidelines of RBI on prohibiting loans & advances to directors & their relatives and firms/companies/concerns in which they are interested  
Did not adhere to directives/instructions/guidelines of RBI on prudential accounting directives/instructions/guidelines related to provisioning against non-performing investments  
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 prudential inter-bank single & gross exposure limit  
Did not adhere to directives/instructions/guidelines of RBI on restriction on holding shares in other co-operative societies u/s 19 of the ibid act  
Did not adhere to directives/instructions/guidelines of RBI on risk categorization/risk profiling of the customers and updation of the old accounts  
Did not adhere to directives/instructions/guidelines of RBI on shifting of its branch without obtaining prior approval of RBI  
Did not adhere to directives/instructions/guidelines of RBI on single borrower exposure limit and unsecured individual borrower limit  
Did not adhere to directives/instructions/guidelines of RBI on submission of compliance report  
Did not adhere to directives/instructions/guidelines of RBI on submission of documentary proof for transfer of funds to depositor education & awareness fund (deaf)  
Did not adhere to directives/instructions/guidelines of RBI on submission of proper compliance of RBI inspection report 2013 and sustenance thereof  
Did not adhere to directives/instructions/guidelines of RBI on supervisory under section 36(1) of banking regulation act, 1949  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines of RBI on unsecured personal loans  
Did not adhere to directives/instructions/guidelines of RBI on vehicle loans/staff loans  
Did not adhere to directives/instructions/guidelines of RBI pertaining to loans beyond ceiling of Rs.1 lakh to nominal members  
Did not adhere to directives/instructions/guidelines of RBI pertaining to sanction/renewal of loans & advances  
Did not adhere to directives/instructions/guidelines of RBI to carry out concurrent audit of investment portfolio  
Did not adhere to directives/instructions/guidelines of RBI u/s 36 (1) of the banking regulations act, 1949  
Did not adhere to directives/instructions/guidelines of RBI under section 35A of the banking regulation act, 1949  
Did not adhere to directives/instructions/guidelines of risk categorization of accounts  
Did not adhere to directives/instructions/guidelines on combating of financing of terrorism (cft)/obligations of banks under prevention of money laundering act (pmla), 2002  
Did not adhere to directives/instructions/guidelines on compliance in time  
Did not adhere to directives/instructions/guidelines on granting of donations  
Did not adhere to directives/instructions/guidelines on prudential directives/instructions/guidelines  
Did not adhere to directives/instructions/guidelines on share linking directives/instructions/guidelines  
Did not adhere to inspection report of RBI  
Did not adhere to instructions of RBI in respect of declaration/disbursal of dividend to shareholders  
Did not adhere to instructions of RBI on material supervisory concerns  
Did not adhere to instructions of RBI on supervisory action framework (saf)  
Did not adhere to instructions of RBI relating to temporary overdraft  
Did not adhere to instructions of RBI to make overseas investments without obtaining no objection certificate from bank  
Did not adhere to instructions of RBI to seek prior permission of the bank before approaching roc for change of name  
Did not adhere to instructions to file strs  
Did not adhere to provisions of circular on cash transactions  
Did not adhere to provisions of RBI act, 1949  
Did not adhere to provisions of sections 11(1), 22(3)(A) and 22(3)(B) of the banking regulation act, 1949 (as applicable to co-operative societies)  
Did not adhere to provisions of sections 11(1), 22(3)(A) to 22(3)(E) read with section 56 of the banking regulation act, 1949  
Did not adhere to provisions of sections 6(1)(G) and 6(1)(K) read with section 56 of banking regulation act, 1949  
Did not adhere to provisions relating to granting loans against property owned by directors  
Did not adhere to provisions under sections 11(1) and 18 of banking regulation act, 1949  
Did not adhere to provisions under sections 11(1) read with section 56 of banking regulation act, 1949  
Did not adhere to prudential directives/instructions/guidelines of RBI on income recognition and asset classification (irac) and provisioning pertaining to advances-divergence in npa accounts  
Did not adhere to RBI circulars dated 29/04/2003 and 24/06/2003  
Did not adhere to RBI directives/instructions/guidelines on maximum limit on advances to trusts managing colleges in excess of single borrowing norm  
Did not adhere to RBI directives/instructions/guidelines on membership of credit information companies (cics)  
Did not adhere to RBI regulations  
Did not adhere to regulatory directives/instructions/guidelines issued by nabard contained in review of frauds-directives/instructions/guidelines on monitoring and reporting system  
Did not adhere to relaxed licensing conditions set by RBI in consultation with nabard  
Did not adhere to requirements in relation to identification and reporting of suspicious transactions  
Did not adhere to requirements of minimum capital and reserves  
Did not adhere to section 35(2) of banking regulation act, 1949  
Did not adhere to the ceiling as prescribed by RBI on donation  
Did not adhere to the directives/instructions/guidelines of RBI on monitoring of end use of funds  
Did not adhere to the do’s and don’ts prescribed for board of directors  
Did not adhere to unique customer identification code (ucic) related directives/instructions/guidelines  
Did not adhere to various directives/instructions/guidelines of RBI relating to issuance of demand draft/pay order  
Did not adhere to various regulations of RBI in assessment of non-performing assets (npas)  
Did not allocate unique customer identification code (ucic)  
Did not carry out audit of investment portfolio and depositor education & awareness fund  
Did not complete risk categorization and unique customer identification code (ucic) of its customers  
Did not conduct concurrent auditing of investment portfolio  
Did not conduct migration audit  
Did not display its name properly in its stationery and advertisements  
Did not do risk categorisation of its customers  
Did not file first information report  
Did not file suspicious transaction report (str)  
Did not furnish correct information to inspecting officer of RBI  
Did not have adequate assets to meet its outside liabilities  
Did not have adequate capital structure & earning prospects and not in a position to pay its present and/or future depositors in full  
Did not have system for effective identification & reporting of suspicious transactions to fiu-ind  
Did not implement core banking solution  
Did not implement risk categorisation of customers  
Did not intend to pronounce upon validity of any transaction or agreement entered into by NBFC with customers  
Did not introduce concurrent audit system  
Did not maintain adequate balance with clearing house  
Did not maintain minimum 25% of net demand and time liabilities (ndtl) in government & other approved securities  
Did not maintain records of cash transactions for value of more than Rs.10 lakh  
Did not make disclosure of bank guarantee issued and violated directives issued by RBI on guarantees, co-acceptance and letter of credit  
Did not make disclosure of penalty levied in its balance sheet  
Did not monitor cash transactions  
Did not obtain RBI approval for computation of its prudential exposure limit  
Did not place appropriate system for generating alerts for identification of suspicious transactions  
Did not place appropriate system for identification of suspicious transactions  
Did not place system to generate alerts when transactions inconsistent with risk categorisation & customer profile  
Did not prepare balance sheet in the format as prescribed for co-operative banks under banking regulation act, 1949  
Did not prepare risk profiles of all customers and did not fix threshold limit  
Did not prepare/submit/publish balance sheet, profit & loss account and auditor's report as required under sections 29 and 31 of banking regulation (co-operative societies) RULES,1966  
Did not produce audited balance sheets  
Did not produce books of accounts before investigating officer  
Did not publish annual accounts for position  
Did not publish correct amount of loans outstanding in the name of directors/relatives/firms in which they were interested in ‘notes on account’ to balance sheet in annual reports  
Did not publish correct information of loans outstanding in name of directors/relatives/firms in which they were interested in proforma i & ii to RBI  
Did not publish/submit accounts and balance sheet with auditor’s report u/s 31 of the ibid act  
Did not reckon accumulated loss for computation of capital fund to arrive at exposure limit  
Did not report cash transactions reports (ctr) to financial intelligence unit-india (fiu-ind)  
Did not report cash transactions reports (ctr) to financial intelligence unit-india (fiu-ind) including director related accounts  
Did not report frauds to RBI  
Did not submit compliance of inspection report 2017  
Did not submit ctr/str in respect of cash transactions in excess of Rs.10 lakh  
Did not submit off-site surveillance (oss) returns violating section 27 of RBI act, 1934  
Did not submit quarterly certificate of holding of government securities  
Did not submit reply to show cause notice/s  
Did not submit returns u/s 27 of the ibid act  
Did not submit returns u/s 27(2) of banking regulation act, 1949  
Did not submit various returns  
Did not submit/wrongly submitted compliance report  
Did not take positive steps for capital augmentation and financial restructuring  
Directors involved in day-to-day affairs of the bank  
Disbursed loans to individuals for purchase of land for more than Rs.25 lakh violating directives/instructions/guidelines  
Displayed short name of the bank  
Diverted loans for purpose of plot/land  
Donated in excess of the prudential limit  
Enrolled co-operative societies as members  
Exceeded exposure to housing and real estate sectors  
Exceeded individual/single exposure ceilings for lending operations  
Exceeded maximum limit on unsecured advances  
Exceeded prescribed individual borrower exposure limit  
Exposed to unsecured loans  
Extended bill discounting facilities to non-constituents and walk-in customers  
Extended credit facilities to units outside its area of operations  
Extended donation to trust where director of the bank was administrator violating RBI circular UBD.BPD.(PCB).CIR.NO.7/09.72.000/2013-14 dated 30/08/2013  
Extremely unsatisfactory financial position  
Failed to repay depositors  
Financed borrowers outside area of operations  
Floated trust for general public in violation of rules  
Generated suspicious transactions report and submitted to financial intelligence unit-india (fiu-ind)  
Granted credit facilities to primary co-operative societies  
Granted housing loans of more than Rs.70 lakh violating RBI circular NO.UBD.BPD.(PCB).CIR.NO.7/09.22.10/2011-12 dated 31/10/2011  
Granted loans to individuals and diversion of amount thereof to concerns in which directors were interested  
Granted unsecured advances in excess of prudential individual limit  
Granted unsecured advances to director related firm  
Granted/renewed loans, accepted fresh deposits and allowed withdrawal of deposits exceeding rs. 1000 violating directives/instructions/guidelines issued by RBI  
Indulged in activities related to travel agent  
Indulged in concentration of deposits  
Indulged in destruction of records of banking transactions  
Indulged in exposure to housing, real estate & commercial real estate and single and group exposure  
Inordinate delay in reporting of securities transaction reports (strs) without any cogent reason  
Irregular submission of various xbrl returns  
Irretrievable and weak financial condition  
Issued bank guarantee to entity not banking with the bank  
Issued incorrect compliance certificate for earlier inspection report  
Issued large number of 'at par' cheques to single party on same day in cash for value just below Rs.50,000 in circumvention of RBI directives/instructions/guidelines  
Kept bank’s name without the word “co-operative”  
Let out its premises to shops, doll museum etc  
Major lapses in operations of the bank in terms of lending to sugar sector  
Misreported under xbrl reporting system  
Not available  
Not in a position to pay its present and future depositors in full as and when their claims accrue  
Opened 4 collection counters without prior approval of RBI  
Opened benami accounts and allowed huge deposits in such accounts  
Persisting irregularities pointed out in previous inspection report  
Planning to open bank in the name of "Indian commercial coop bank ltd." without obtaining licence from RBI  
Planning to open bank in the name of "Rajadhani bank ltd." without obtaining licence from RBI  
Prohibited from carrying on banking business in india under section 22 of the banking regulation act, 1949  
Provided locker facility at its extension counter without obtaining prior approval of RBI  
Purchased/discounted cheques beyond ceiling of Rs.25000 in current accounts  
Remissed debt due to the bank by jalgaon starch factory in which then directors of the bank had interest, without obtaining prior permission from RBI  
Reported incorrect information in form i relating to crr/slr and incorrect computation of dtl  
Sanctioned loans on bullet repayment basis against gold/silver ornaments beyond prescribed ceiling limit  
Sanctioned overdraft against third party fixed deposits to one of its directors  
Submitted false compliance to RBI inspection report violating provisions of banking regulation, act 1949  
Submitted inaccurate information to RBI regarding credit facilities to directors and relatives  
Submitted wrong/unsatisfactory/delayed compliance to RBI inspection report  
Transited to small finance bank  
Unauthorised use of word 'bank' without prior permission/licence from RBI  
Violated “know your customer” directives/instructions/guidelines  
Violated banking regulation act, 1949  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated directives/instructions/guidelines by sanctioning fresh loans & advances  
Violated directives/instructions/guidelines for granting unsecured credit facilities  
Violated directives/instructions/guidelines for unsecured financial guarantees  
Violated directives/instructions/guidelines issued by RBI  
Violated directives/instructions/guidelines issued by RBI and/or nabard on submission of statutory/oss returns  
Violated directives/instructions/guidelines issued by RBI on board of directors of urban co-operative banks (ucbs) in relation to director related loans  
Violated directives/instructions/guidelines issued by RBI on credit information companies rules, 2006  
Violated directives/instructions/guidelines of by RBI on submission of false compliance regarding closure of npa accounts by indulging in ever greening of loans  
Violated directives/instructions/guidelines of RBI for conducting banking business  
Violated directives/instructions/guidelines of RBI on all inclusive directions  
Violated directives/instructions/guidelines of RBI on central repository of large common exposures  
Violated directives/instructions/guidelines of RBI on classification and reporting of frauds  
Violated directives/instructions/guidelines of RBI on credit information companies (regulation) act, 2005  
Violated directives/instructions/guidelines of RBI on credit information companies (regulation) act, 2005 read with credit information companies rules, 2006  
Violated directives/instructions/guidelines of RBI on diversion of funds  
Violated directives/instructions/guidelines of RBI on individual and group exposure limits  
Violated directives/instructions/guidelines of RBI on investment by primary (urban) co-operative banks  
Violated directives/instructions/guidelines of RBI on maintenance of deposit accounts  
Violated directives/instructions/guidelines of RBI on opening of on-site atms  
Violated directives/instructions/guidelines on advances to builders and contractors against security of land  
Violated directives/instructions/guidelines on charging of interest on loan and advances  
Violated directives/instructions/guidelines on limit of non-slr investment, individual and group exposure ceilings for lending operations  
Violated directives/instructions/guidelines pertaining to ceiling on unsecured advances applicable to urban co-operative banks (ucbs)  
Violated directives/instructions/guidelines relating to membership to co-operative credit societies  
Violated directives/instructions/guidelines/rules on non-publication/submission of accounts and balance sheet  
Violated instructions for irregularities in cheque discounting and overdrawal in od loan accounts etc  
Violated instructions of RBI on opening of account and monitoring of cash transactions  
Violated instructions on disposal of non-banking assets,donations and purchasing of cheques beyond ceiling of Rs.20 lakh per instr  
Violated instructions on persistence of irregularities of previous inspection report and requirement of reporting of cash transactions in excess of Rs.10 lakh to fiu-ind,as required under aml directives/instructions/guidelines  
Violated micro, small & medium enterprises (msme) sector directives/instructions/guidelines, 2017  
Violated provisions of section 31 of banking regulation, act 1949 relating to publication/submission of accounts and balance sheet  
Violated provisions related to prohibition of banks from granting any loan or advance to any of its directors  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Violated RBI circular on frauds monitoring and reporting mechanism  
Violated RBI directives/instructions/guidelines, 2016  
Violated RBI guidelines on outsourcing and fair practices code in digital lending operations  
Violated RBI’s directives on loans to directors  
Violated section 20 and section 20 a of the banking regulation act, 1949  
Violated section 20 of banking regulation act, 1949  
Violated section 26A of banking regulation act, 1949  
Violated section 27 of banking regulation act, 1949  
Violated section 27(2) of ibid act  
Violated various directives/instructions/guidelines of RBI on issuance of at par cheques/pay orders against receipt of cash  
Waived bank guarantee commission to chairman/director/relatives or to firms/companies in which any of its directors is interested  
Credit Information Company 01/08/1996 11/09/2026
Actions by RBI
Imposed penalty  
Reasons for Action
Defaulted in membership of credit information companies (cics)  
Violated directives/instructions/guidelines of RBI on credit information companies (regulation) act, 2005  
Violated directives/instructions/guidelines of RBI on credit information companies (regulation) act, 2005 read with credit information companies rules, 2006  
Credit Rating Agencies 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of registration  
Directed not to take new clients/fresh  
Directed to wind down its operations within six months  
Reasons for Action
Violatedsebi (credit rating agencies) regulations, 1999  
Electronic Trading Platforms 01/08/1996 11/09/2026
Actions by RBI
Cautioned public not to undertake forex transactions on unauthorized electronic trading platforms  
Reasons for Action
Violated directives/instructions/guidelines issued by RBI on (electronics trading platforms) directions, 2018  
Foreign Banks 01/08/1996 11/09/2026
Actions by RBI
Ceased to be a banking co.  
Imposed penalty  
Reasons for Action
Defaulted in membership of credit information companies (cics)  
Deficiencies in compliance with RBI instructions on 'fit and proper' criteria for directors of banks  
Did not adhere to anti money laundering (aml) and/or counter financing of terrorism (cft) directives/instructions/guidelines  
Did not adhere to directives/instructions/guidelines issued by RBI on granting non-fund based facilities to non-constituent borrowers  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs and/or banks  
Did not adhere to directives/instructions/guidelines issued by RBI on obtaining declaration from customers about credit facilities enjoyed with other banks  
Did not adhere to directives/instructions/guidelines issued by RBI on payment of remuneration to employees in form of commission  
Did not adhere to directives/instructions/guidelines of RBI on “reserve bank of india (fraud classification and reporting by commercial banks and select fis) directives/instructions/guidelines, 2016”  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on direct creation of payment messages in swift environment  
Did not adhere to directives/instructions/guidelines of RBI on implementation of straight through processing (stp) between cbs/accounting system and swift system  
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to directives/instructions/guidelines of RBI on independent reconciliation of logs generated from swift with corresponding entry passed in cbs/accounting system  
Did not adhere to directives/instructions/guidelines of RBI on introduction of additional layer of approval for all payment messages exceeding particular threshold  
Did not adhere to directives/instructions/guidelines of RBI on nostro reconciliation on T+1/T+5 basis  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines of RBI to ensure that the users entering/passing/authorizing transactions in cbs different from those operating in swift environment  
Did not adhere to directives/instructions/guidelines on kyc compliance for walk-in customers including for sale of third party products  
Did not adhere to instructions of RBI on derivatives, such as failure to carry out due diligence in regard to suitability of products, selling derivative products to users not having risk management policies and not verifying underlying/adequacy of underlying and eligible limits under past performance route  
Did not adhere to instructions of RBI on reporting requirements of foreign exchange management act, 1999 (fema)  
Did not adhere to instructions of RBI on risk management & inter bank dealings and compliance functions  
Did not adhere to instructions on classification of accounts as ‘in-operative’/dormant and lapses in monitoring of transactions in dormant accounts  
Did not adhere to instructions on import of gold on consignment basis  
Did not adhere to instructions on monitoring of transactions in customer accounts  
Did not adhere to instructions on upper limit for remittances under liberalised remittance scheme  
Did not adhere to instructions on upper limit for repatriation of funds from non resident ordinary (nro) accounts  
Did not adhere to instructions which prohibits acceptance of cash above Rs.50, 000 for sale of gold coins and issue of demand drafts etc.  
Did not adhere to RBI directives on derivatives  
Did not adhere to section 10B of banking regulation act, 1949  
Did not adhere to various directives/instructions/guidelines of RBI on time bound implementation and strengthening of swift related operational controls  
Did not allocate unique customer identification code (ucic)  
Did not file cash transaction reports (ctrs) in respect of some cash transactions, sale of gold coins for cash beyond rs. 50,000  
Did not furnish information to RBI in stipulated time pertaining to a foreign currency loan facility to an offshore special purpose vehicle (spv)  
Did not obtain no-objection certificate (noc) from lending banks at the time of opening current accounts  
Did not verify data available in crilc database  
Not available  
Not submit compliance to risk assessment findings  
Provided host of services and earned fees from its outsourcing agency violating section 6(1) of the banking regulation act, 1949  
Violated “know your customer” directives/instructions/guidelines  
Violated banking regulation act, 1949  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated directives/instructions/guidelines issued by RBI on (credit card and debit card – issuance & conduct) directions, 2022  
Violated directives/instructions/guidelines of RBI on central repository of large common exposures  
Violated RBI (interest rate on advances) directives/instructions/guidelines, 2016  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Full-fledged Money Changer 01/08/1996 11/09/2026
Actions by RBI
Licence revoked  
Reasons for Action
Did not apply for renewal of licence before expiry of validity period and/or voluntary surrender of licence  
Housing Finance Companies 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of registration  
Imposed penalty  
Superseded board of directors  
Reasons for Action
Default in payment obligations  
Did not adhere to directives/instructions/guidelines for national housing bank act (nhb), 1987  
Did not adhere to directives/instructions/guidelines issued by RBI on co-lending by banks and NBFCs to priority sector  
Did not adhere to directives/instructions/guidelines of RBI non-banking financial companies – housing finance company directions, 2021  
Did not adhere to housing finance companies (nhb) directives/instructions/guidelines, 2010  
Did not do risk categorisation of its customers  
Did not obtain permanent account number (pan) card details or form 60/61  
Surrendered certificate of registration  
Violated “know your customer” directives/instructions/guidelines  
Violated RBI directives/instructions/guidelines, 2016  
Violated RBI guidelines on outsourcing and fair practices code in digital lending operations  
Local Area Banks 01/08/1996 11/09/2026
Actions by RBI
Cancelled banking license  
Merger with another bank  
Ordered of moratorium  
Withdrawn in-principle approval given for setting up of local area banks  
Reasons for Action
Breached minimum net worth requirement for two quarters in financial year  
Delayed setting up of local area banks  
Extremely unsatisfactory financial position  
General character of management was prejudicial to interest of its present and future depositors  
Multi Level Marketing Schemes 14/01/2010 11/09/2026
Actions by RBI
Make investors aware of the dangers of investing in such schemes and they must verify before enrolling in any such scheme whether the said scheme is a money circulation scheme as defined in section 2 (c ) of the prize chits and money circulation (banning) act, 1978.  
Reasons for Action
Widespread scam in multi level marketing schemes noticed by RBI in various states; under section 3 of prize chits and money circulation schemes (banking) act, 1978, enrolling members to such schemes is a punishable offence  
Nationalised Banks 01/08/1996 11/09/2026
Actions by RBI
Directed to suspended onboarding of customers on “bob world” mobile application  
Imposed penalty  
Reasons for Action
did not adhere to directives/instructions/guidelines of RBI on prudential inter-bank gross exposure limit and/or inter-bank counter party exposure limit  
Defaulted in membership of credit information companies (cics)  
Deficiencies in regulatory compliance  
Delayed detecting & reporting of fraud in accounts  
Delayed reporting of fraud in certain accounts  
Did not adhere to anti money laundering (aml) and/or counter financing of terrorism (cft) directives/instructions/guidelines  
Did not adhere to code of conduct for opening and operating current accounts  
Did not adhere to directives pertaining to collection of third party account payee cheques  
Did not adhere to directives/instructions/guidelines issued by RBI on kisan credit card scheme  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs and/or banks  
Did not adhere to directives/instructions/guidelines issued by RBI on obtain collateral security for agricultural loans upto Rs.1.60 lac in certain cases  
Did not adhere to directives/instructions/guidelines issued by RBI on payment of remuneration to employees in form of commission  
Did not adhere to directives/instructions/guidelines issued by RBI on priority sector lending – targets and classification  
Did not adhere to directives/instructions/guidelines issued by RBI to concurrent audit system in commercial bank  
Did not adhere to directives/instructions/guidelines of fema  
Did not adhere to directives/instructions/guidelines of RBI in matter of deccan chronicle holdings ltd.  
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 “reserve bank of india (fraud classification and reporting by commercial banks and select fis) directives/instructions/guidelines, 2016”  
Did not adhere to directives/instructions/guidelines of RBI on circular instructions on compliance function in banks  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on depositor education and awareness fund scheme, 2014  
Did not adhere to directives/instructions/guidelines of RBI on direct creation of payment messages in swift environment  
Did not adhere to directives/instructions/guidelines of RBI on discounting/rediscounting of bills  
Did not adhere to directives/instructions/guidelines of RBI on end use of funds-monitoring and deposits on balance sheet date  
Did not adhere to directives/instructions/guidelines of RBI on exposure directives/instructions/guidelines and statutory/other restrictions  
Did not adhere to directives/instructions/guidelines of RBI on external benchmark based lending  
Did not adhere to directives/instructions/guidelines of RBI on framework to revitalise the distressed assets in the economy-rectification and restructuring  
Did not adhere to directives/instructions/guidelines of RBI on fraud risk management and classification & reporting of frauds  
Did not adhere to directives/instructions/guidelines of RBI on implementation of straight through processing (stp) between cbs/accounting system and swift system  
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to directives/instructions/guidelines of RBI on independent reconciliation of logs generated from swift with corresponding entry passed in cbs/accounting system  
Did not adhere to directives/instructions/guidelines of RBI on introduction of additional layer of approval for all payment messages exceeding particular threshold  
Did not adhere to directives/instructions/guidelines of RBI on loan system for delivery of bank credit  
Did not adhere to directives/instructions/guidelines of RBI on nostro reconciliation on T+1/T+5 basis  
Did not adhere to directives/instructions/guidelines of RBI on opening of savings bank accounts  
Did not adhere to directives/instructions/guidelines of RBI on preservation of records of identification of customers  
Did not adhere to directives/instructions/guidelines of RBI on prudential directives/instructions/guidelines for classification, valuation and operation of investment portfolio by banks  
Did not adhere to directives/instructions/guidelines of RBI on prudential framework for resolution of stressed assets  
Did not adhere to directives/instructions/guidelines of RBI on reporting of fraud accounts within seven days of decision of joint lenders forum to declare accounts as frauds  
Did not adhere to directives/instructions/guidelines of RBI on risk management systems in banks  
Did not adhere to directives/instructions/guidelines of RBI on sale of stressed assets by banks  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines of RBI on upfront disbursal of housing loans  
Did not adhere to directives/instructions/guidelines of RBI on window-dressing of balance sheet classification and reporting of frauds  
Did not adhere to directives/instructions/guidelines of RBI to ensure that the users entering/passing/authorizing transactions in cbs different from those operating in swift environment  
Did not adhere to directives/instructions/guidelines of risk categorization of accounts  
Did not adhere to directives/instructions/guidelines on combating of financing of terrorism (cft)/obligations of banks under prevention of money laundering act (pmla), 2002  
Did not adhere to directives/instructions/guidelines on kyc compliance for walk-in customers including for sale of third party products  
Did not adhere to instructions on classification of accounts as ‘in-operative’/dormant and lapses in monitoring of transactions in dormant accounts  
Did not adhere to instructions on import of gold on consignment basis  
Did not adhere to instructions on monitoring of transactions in customer accounts  
Did not adhere to instructions on permitted credits to non-resident accounts  
Did not adhere to instructions on upper limit for remittances under liberalised remittance scheme  
Did not adhere to instructions on upper limit for repatriation of funds from non resident ordinary (nro) accounts  
Did not adhere to instructions to file strs  
Did not adhere to instructions which prohibits acceptance of cash above Rs.50, 000 for sale of gold coins and issue of demand drafts etc.  
Did not adhere to provisions of RBI act, 1949  
Did not adhere to prudential directives/instructions/guidelines of RBI on income recognition and asset classification (irac) and provisioning pertaining to advances-divergence in npa accounts  
Did not adhere to RBI directives/instructions/guidelines on membership of credit information companies (cics)  
Did not adhere to regulatory requirements issued by RBI  
Did not adhere to terms of agreement with RBI india for opening & maintaining currency chests  
Did not adhere to the directives/instructions/guidelines issued by RBI on customer complaints resolve and to provide compensation  
Did not adhere to the directives/instructions/guidelines issued by RBI on disclosure of customer complaint and unreconciled balance on account of atm transactions and msme sector reconstruction of advances  
Did not adhere to the directives/instructions/guidelines of RBI for opening of current accounts  
Did not adhere to the directives/instructions/guidelines of RBI on detection & impounding of counterfeit notes  
Did not adhere to the directives/instructions/guidelines of RBI on exchange of information with other banks  
Did not adhere to the directives/instructions/guidelines of RBI on monitoring of end use of funds  
Did not adhere to the directives/instructions/guidelines of RBI on restructuring of accounts  
Did not adhere to various directives/instructions/guidelines of RBI on time bound implementation and strengthening of swift related operational controls  
Did not allocate unique customer identification code (ucic)  
Did not do risk categorisation of its customers  
Did not file cash transaction reports (ctrs) in respect of some cash transactions, sale of gold coins for cash beyond rs. 50,000  
Did not implement control measures for atms relating to end to end encryption of communication between atm terminal/pc and atm switch, within the timelines prescribed  
Did not obtain no objection certificate (noc) from banks which had sanctioned regular credit facilities to beneficiaries  
Did not submit ctr/str in respect of cash transactions in excess of Rs.10 lakh  
Did not submit revised returns on grounds of absence of data  
Netted the items representing internal and external liabilities in inter-branch accounts,resulting in under-estimation of outside liabilities  
Opened current account and provided bill discounting facilities to account holders without having any borrowing facility with the bank resulting in siphoning of funds  
Violated “know your customer” directives/instructions/guidelines  
Violated banking regulation act, 1949  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated directives/instructions/guidelines issued by RBI on (financial services provided by banks) directions, 2016  
Violated directives/instructions/guidelines issued by RBI on financial inclusion - access to banking services - basic savings bank deposit account  
Violated directives/instructions/guidelines of RBI on central repository of large common exposures  
Violated directives/instructions/guidelines of RBI on classification and reporting of frauds  
Violated directives/instructions/guidelines of RBI on maintenance of deposit accounts  
Violated instructions of RBI on opening of account and monitoring of cash transactions  
Violated micro, small & medium enterprises (msme) sector directives/instructions/guidelines, 2017  
Violated RBI (interest rate on advances) directives/instructions/guidelines, 2016  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Violated RBI directives/instructions/guidelines, 2016  
Violated RBI guidelines on outsourcing and fair practices code in digital lending operations  
NBFC 01/08/1996 11/09/2026
Actions by RBI
Appointed special officer to take charge of assets of the company  
Cancelled certificate of registration  
Cautioned public about unauthorised companies collecting deposits  
Cautioned public against misuse of certificate of registration  
Ceased and desist from doing any form of financing against shares & debentures, including sanction & disbursal of loans against initial public offering (ipo) of shares and subscription to debentures  
Ceased and desist from sanctioning or disbursing gold loans or assigning/securitising/selling any of gold loan  
Directed company to inform depositors regarding rejection of application for certificate of registration and plan of action for repayment of deposits  
Directed to cease and desist from acquisition of financial assets including security receipts (srs) and reorganising existing srs into senior &subordinate tranches  
Directed to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts in its normal course of business  
Directed to cease carrying out any recovery or repossession activity through outsourcing arrangements  
Directed to stop allowing use of premises/branches or officials in any manner for accepting deposits from public  
Directed to stop sanction and disbursal of loans under two lending products ‘ecom’ and ‘insta emi card’  
Filed petition for winding up of company with high court  
Imposed penalty  
Ordered to repay public deposits  
Prohibited from accepting deposits  
Prohibited from alienating its assets  
Prohibited to commence/carry on business as NBFC  
Rejection of application for certificate of registration as NBFC  
Superseded board of directors  
Reasons for Action
Acted as NBFC without obtaining certificate of registration from RBI and/or having minimum net owned fund  
Applied for cancellation of NBFC certificate as company never engaged in nor has plans to be in NBFC activities  
Ceased to be non-banking financial institution  
Collected deposits from public in contravention of provisions of RBI ACT,1934  
Collected money from public in money circulation schemes by making tall promises of high returns  
Default in payment obligations  
Defaulted in membership of credit information companies (cics)  
Did not adhere to directives/instructions/guidelines issued by RBI on (non-banking financial company–scale-based regulation) directions, 2023  
Did not adhere to directives/instructions/guidelines issued by RBI on (regulatory for microfinance loans) directions, 2022  
Did not adhere to directives/instructions/guidelines issued by RBI on compensation of key managerial personnel - deferral of variable pay  
Did not adhere to directives/instructions/guidelines issued by RBI on data format for furnishing of credit information to credit information companies and other regulatory measures  
Did not adhere to directives/instructions/guidelines issued by RBI on digital lending  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs and/or banks  
Did not adhere to directives/instructions/guidelines issued by RBI on micro finance loans  
Did not adhere to directives/instructions/guidelines issued by RBI on non-banking financial company-acceptance of public deposits (reserve bank) directives/instructions/guidelines, 1998  
Did not adhere to directives/instructions/guidelines issued by RBI on purchase/sale of non-performing assets  
Did not adhere to directives/instructions/guidelines issued by RBI on reporting of frauds contained in monitoring of frauds in NBFCs reserve bank of inda directives/instructions/guidelines, 2016  
Did not adhere to directives/instructions/guidelines issued by RBI on securitization of standard assets  
Did not adhere to directives/instructions/guidelines issued by RBI on verification of ownership of gold jewellery contained in NBFC reserve bank of inda directives/instructions/guidelines, 2016  
Did not adhere to directives/instructions/guidelines issued by RBI vide non-banking financial company-returns (reserve bank) directives/instructions/guidelines, 2016  
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 non-banking financial companies – housing finance company directions, 2021  
Did not adhere to directives/instructions/guidelines of RBI on core investment companies (reserve bank of india) directions, 2016  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on filing of supervisory returns  
Did not adhere to directives/instructions/guidelines of RBI on financial statements - presentation and disclosures  
Did not adhere to directives/instructions/guidelines of RBI on fraud risk management and classification & reporting of frauds  
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to directives/instructions/guidelines of RBI on information technology framework for NBFC  
Did not adhere to directives/instructions/guidelines of RBI on liquidity risk management and/or core investment companies  
Did not adhere to directives/instructions/guidelines of RBI on monitoring of frauds in NBFCs  
Did not adhere to directives/instructions/guidelines of RBI on outsourcing  
Did not adhere to directives/instructions/guidelines of RBI on outsourcing and fair practices code in digital lending operations undertaken through third party apps  
Did not adhere to directives/instructions/guidelines of RBI on peer-to-peer lending platform directions, 2017 and digital lending  
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 serious governance  
Did not adhere to directives/instructions/guidelines of RBI on settlement of dues payable by borrower  
Did not adhere to directives/instructions/guidelines of RBI on single borrower exposure limit and unsecured individual borrower limit  
Did not adhere to directives/instructions/guidelines of RBI on specific conditions under which certificate of registration was issued  
Did not adhere to directives/instructions/guidelines of RBI on trade receivables discounting system (treds)  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines of RBI on transfer of loan exposure  
Did not adhere to directives/instructions/guidelines on issuance and renewal of non-convertible debentures (ncds) and loan against ncds  
Did not adhere to directives/instructions/guidelines on loan to value (ltv) ratio pertaining to gold loans  
Did not adhere to directives/instructions/guidelines on prudential directives/instructions/guidelines  
Did not adhere to fair practices code (fpc) and disclosures in the balance sheet etc.  
Did not adhere to instructions of RBI and reported wrongly  
Did not adhere to instructions of RBI on supervisory action framework (saf)  
Did not adhere to instructions of RBI to change the name without obtaining prior approval of RBI  
Did not adhere to provisions of RBI act, 1949  
Did not adhere to provisions on issuance of non-convertible debentures (reserve bank) directives/instructions/guidelines, 2010  
Did not adhere to RBI (sarfaesi) act, 2002  
Did not adhere to RBI directives/instructions/guidelines on membership of credit information companies (cics)  
Did not adhere to the specific direction of RBI to ensure full compliance with fair practices code (fpc) in letter and spirit  
Did not adhere to unique customer identification code (ucic) related directives/instructions/guidelines  
Did not adhere to various directives/instructions/guidelines/orders of RBI in respect of assignment transaction  
Did not adhere to various regulations of RBI in assessment of non-performing assets (npas)  
Did not allocate unique customer identification code (ucic)  
Did not create contingent provision against standard assets and had high leverage ratio  
Did not do risk categorisation of its customers  
Did not have system for effective identification & reporting of suspicious transactions to fiu-ind  
Did not intend to pronounce upon validity of any transaction or agreement entered into by NBFC with customers  
Did not obtain permanent account number (pan) card details or form 60/61  
Did not obtain permanent account number (pan) card while granting gold loans in excess of Rs.5.00 lacs  
Did not obtain prior approval of RBI for appointment of directors  
Did not surrender certificate of registration  
Failed to repay depositors  
Not available  
Not-traceable non-banking financial institution  
Opted to exit from business of non banking financial institution  
Partnership firm with the name of muthoot estate investments in which promoters of muthoot fincorp ltd. were partners, collected deposits in form of fixed deposits, cumulative deposits and special public deposits from public  
Surrendered certificate of registration  
Violated “know your customer” directives/instructions/guidelines  
Violated commercial paper directives/instructions/guidelines, 2017  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated directives/instructions/guidelines issued by RBI  
Violated directives/instructions/guidelines issued by RBI and/or nabard on submission of statutory/oss returns  
Violated directives/instructions/guidelines issued by RBI on (credit card and debit card – issuance & conduct) directions, 2022  
Violated directives/instructions/guidelines issued by RBI on issuance and operation of ppis in india  
Violated directives/instructions/guidelines issued by RBI on raising money through private placement of non-convertible debentures (ncds)  
Violated directives/instructions/guidelines of RBI on central repository of large common exposures  
Violated directives/instructions/guidelines of RBI on ipo financing and/or ncd subscriptions  
Violated fair practices code of master direction DNBR.PD.008/03.10.119/2016-17 dated 01/09/2016  
Violated master direction on prepaid payment instrument issuers (ppis)  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Violated RBI act, 1934  
Violated RBI circular on frauds monitoring and reporting mechanism  
Violated RBI directives/instructions/guidelines, 2016  
Violated RBI guidelines on outsourcing and fair practices code in digital lending operations  
Violated RBI internal ombudsman scheme  
Violated RBI recovery agency guidelines  
Payment System Operators (non-bank) 01/08/1996 11/09/2026
Actions by RBI
Cancelled banking license  
Cancelled certificate of authorisation  
Certificate of authorisation revoked  
Directed not to further deposits or credit transactions or top ups allowin any customer accounts, prepaid instruments, wallets, fastags, national common mobility cards etc.  
Directed to appoint it audit firm to conduct comprehensive system audit of it system  
Directed to permit without any restrictions, withdraw or utilize balances from their accounts including savings bank accounts, current accounts, prepaid instruments, fastags, national common mobility cards etc. up to available balance  
Directed to stop onboarding of new customers  
Imposed penalty  
Prohibited from conducting banking business in under section 5(B) of the banking regulation act, 1949  
Restrained from onboarding new domestic customers onto their card networks  
Reasons for Action
Deficiencies in regulatory compliance  
Did not adhere to directives/instructions/guidelines of RBI on comprehensive system audit report/external auditors  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on financial statements - presentation and disclosures  
Did not adhere to directives/instructions/guidelines of RBI regulation of payment aggregators (pas) and payment gateways (pgs)  
Did not adhere to instructions of RBI on material supervisory concerns  
Did not adhere to instructions of RBI on supervisory action framework (saf)  
Did not adhere to payment and settlement systems act, 2007  
Did not adhere to regulatory requirements issued by RBI  
Did not renew certificate of registraton  
Surrendered certificate of registration  
Violated “know your customer” directives/instructions/guidelines  
Violated banking regulation act, 1949  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated master direction on money transfer service scheme (mtss) directions, 2017  
Voluntarily surrendered certificate of authorisation  
Payments Bank 01/08/1996 11/09/2026
Actions by RBI
Imposed penalty  
Reasons for Action
Did not adhere to instructions of RBI on supervisory action framework (saf)  
Did not adhere to the directives/instructions/guidelines issued by RBI on timely submission of application of reappointment of managing director and chief executive officer  
Violated “know your customer” directives/instructions/guidelines  
Violated directives directives/instructions/guidelines of RBI on licensing of payments banks  
Persons 01/08/1996 11/09/2026
Actions by RBI
Designated as terrorists  
Reasons for Action
Involved in terrorism under unlawful activities (prevention) act, 1967  
Prepaid Payment Instrument Issuers (non-bank) 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of authorisation  
Directed to refund balances held in existing talkcharge wallets  
Directed to stop business of issuance and operation of wallets/ppis  
Imposed penalty  
Reasons for Action
Did not adhere to directives/instructions/guidelines of RBI on net-worth requirement  
Did not adhere to payment and settlement systems act, 2007  
Did not adhere to regulatory requirements issued by RBI  
Violated “know your customer” directives/instructions/guidelines  
Violated directives/instructions/guidelines issued by RBI on issuance and operation of ppis in india  
Violated master direction on prepaid payment instrument issuers (ppis)  
Voluntarily surrendered certificate of authorisation  
Primary Dealer 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of registration  
Rejection of application for renewal of registration  
Withdrawn authorization as primary dealer  
Reasons for Action
Did not fulfil minimum eligibility criteria  
Surrendered certificate of registration  
Violated RBI act, 1934  
Private Banks 01/08/1996 11/09/2026
Actions by RBI
Ceased to be a banking co.  
Directed to cease and desist from issuing fresh credit cards  
Directed to cease and desist from onboarding of new customers through online and mobile banking channels  
Directed to stop all transactions under liberalized remittance scheme  
Imposed penalty  
Merger with another bank  
Ordered of moratorium  
Superseded board of directors  
Reasons for Action
Bank’s control systems failed in detecting irregularities  
Defaulted in membership of credit information companies (cics)  
Deficiencies in regulatory compliance  
Deleted records in bank’s it systems  
Did not adhere to anti money laundering (aml) and/or counter financing of terrorism (cft) directives/instructions/guidelines  
Did not adhere to directives pertaining to collection of third party account payee cheques  
Did not adhere to directives/instructions/guidelines issued by RBI on acceptance of deposits from non-residents  
Did not adhere to directives/instructions/guidelines issued by RBI on kisan credit card scheme  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs  
Did not adhere to directives/instructions/guidelines issued by RBI on managing risks and code of conduct in outsourcing of financial services by NBFCs and/or banks  
Did not adhere to directives/instructions/guidelines issued by RBI on obtain collateral security for agricultural loans upto Rs.1.60 lac in certain cases  
Did not adhere to directives/instructions/guidelines issued by RBI on payment of remuneration to employees in form of commission  
Did not adhere to directives/instructions/guidelines issued by RBI on priority sector lending – targets and classification  
Did not adhere to directives/instructions/guidelines issued by RBI on securitization of standard assets  
Did not adhere to directives/instructions/guidelines issued by RBI on un-authorized operation of lnternal/office accounts  
Did not adhere to directives/instructions/guidelines issued by RBI on valuation of properties - empanelment of valuers  
Did not adhere to directives/instructions/guidelines issued by RBI to grant of loans against security of gold jewellery  
Did not adhere to directives/instructions/guidelines of fema  
Did not adhere to directives/instructions/guidelines of RBI (prior approval for acquisition of shares or voting rights in private sector banks) directions, 2015  
Did not adhere to directives/instructions/guidelines of RBI in matter of deccan chronicle holdings ltd.  
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 “reserve bank of india (fraud classification and reporting by commercial banks and select fis) directives/instructions/guidelines, 2016”  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on depositor education and awareness fund scheme, 2014  
Did not adhere to directives/instructions/guidelines of RBI on direct creation of payment messages in swift environment  
Did not adhere to directives/instructions/guidelines of RBI on direct sale of securities from its htm portfolio and specified disclosure in this regard  
Did not adhere to directives/instructions/guidelines of RBI on exposure directives/instructions/guidelines and statutory/other restrictions  
Did not adhere to directives/instructions/guidelines of RBI on financial statements - presentation and disclosures  
Did not adhere to directives/instructions/guidelines of RBI on fully automate npa identification process  
Did not adhere to directives/instructions/guidelines of RBI on guarantees and co-acceptances  
Did not adhere to directives/instructions/guidelines of RBI on implementation of straight through processing (stp) between cbs/accounting system and swift system  
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to directives/instructions/guidelines of RBI on independent reconciliation of logs generated from swift with corresponding entry passed in cbs/accounting system  
Did not adhere to directives/instructions/guidelines of RBI on installation of notes sorting machines  
Did not adhere to directives/instructions/guidelines of RBI on introduction of additional layer of approval for all payment messages exceeding particular threshold  
Did not adhere to directives/instructions/guidelines of RBI on issuance of bonus shares to non-resident entities  
Did not adhere to directives/instructions/guidelines of RBI on levy of penal charges on non-maintenance of minimum balances in savings bank accounts  
Did not adhere to directives/instructions/guidelines of RBI on loan system for delivery of bank credit  
Did not adhere to directives/instructions/guidelines of RBI on management of advances  
Did not adhere to directives/instructions/guidelines of RBI on nostro reconciliation on T+1/T+5 basis  
Did not adhere to directives/instructions/guidelines of RBI on preservation of records of identification of customers  
Did not adhere to directives/instructions/guidelines of RBI on promoter holding  
Did not adhere to directives/instructions/guidelines of RBI on prudential directives/instructions/guidelines for classification, valuation and operation of investment portfolio by banks  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines of RBI on treasury function and deficiencies in its compliance function & compliance culture  
Did not adhere to directives/instructions/guidelines of RBI to ensure that the users entering/passing/authorizing transactions in cbs different from those operating in swift environment  
Did not adhere to directives/instructions/guidelines of risk categorization of accounts  
Did not adhere to directives/instructions/guidelines on kyc compliance for walk-in customers including for sale of third party products  
Did not adhere to directives/instructions/guidelines on prudential directives/instructions/guidelines  
Did not adhere to instructions of RBI on derivatives, such as failure to carry out due diligence in regard to suitability of products, selling derivative products to users not having risk management policies and not verifying underlying/adequacy of underlying and eligible limits under past performance route  
Did not adhere to instructions of RBI on material supervisory concerns  
Did not adhere to instructions of RBI on reporting requirements of foreign exchange management act, 1999 (fema)  
Did not adhere to instructions on classification of accounts as ‘in-operative’/dormant and lapses in monitoring of transactions in dormant accounts  
Did not adhere to instructions on import of gold on consignment basis  
Did not adhere to instructions on monitoring of transactions in customer accounts  
Did not adhere to instructions on upper limit for remittances under liberalised remittance scheme  
Did not adhere to instructions on upper limit for repatriation of funds from non resident ordinary (nro) accounts  
Did not adhere to instructions to file strs  
Did not adhere to instructions which prohibits acceptance of cash above Rs.50, 000 for sale of gold coins and issue of demand drafts etc.  
Did not adhere to one of the licensing conditions stipulated by RBI  
Did not adhere to payment and settlement systems act, 2007  
Did not adhere to provisions of RBI act, 1949  
Did not adhere to prudential directives/instructions/guidelines of RBI on income recognition and asset classification (irac) and provisioning pertaining to advances-divergence in npa accounts  
Did not adhere to RBI directives on derivatives  
Did not adhere to RBI regulations  
Did not adhere to regulatory requirements issued by RBI  
Did not adhere to regulatory restrictions pertaining to non-fund based facilities  
Did not adhere to the directives/instructions/guidelines of RBI for opening of current accounts  
Did not adhere to the directives/instructions/guidelines of RBI on detection & impounding of counterfeit notes  
Did not adhere to the directives/instructions/guidelines of RBI on payment of compensation for delay in resolution of atm-related customer complaints  
Did not adhere to the directives/instructions/guidelines of RBI on reporting of assessment under rbs  
Did not adhere to various directives/instructions/guidelines of RBI on time bound implementation and strengthening of swift related operational controls  
Did not adhere to various regulations of RBI in assessment of non-performing assets (npas)  
Did not allocate unique customer identification code (ucic)  
Did not comply with licensing conditions imposed by RBI and specific directives/instructions/guidelines of RBI to stop undertaking liberalised remittance scheme (lrs) transactions  
Did not ensure adequate & effective arrangements by constituent to meet commitment while granting letter of credit facility  
Did not file cash transaction reports (ctrs) in respect of some cash transactions, sale of gold coins for cash beyond rs. 50,000  
Did not observe certain safeguards in respect of arrangement of “at par” payment of cheques drawn by co-operative banks  
Did not obtain permanent account number (pan) card details or form 60/61  
Did not provide certain documents sought by RBI and misrepresented that such documents were not available  
Did not re-designate few accounts as nro accounts  
Did not report frauds to RBI  
Did not report to RBI about cyber-security incident involving atms of the bank within prescribed timeframe  
Did not submit details of shareholding of promoters & proposed course of action/plans/strategy to comply with permitted timeline for dilution of promoter shareholding  
Did not verify source of funds credited to few non-resident ordinary (nro) accounts  
Extremely unsatisfactory financial position  
Irregularities in conduct of accounts of a corporate group  
Violated “know your customer” directives/instructions/guidelines  
Violated banking regulation act, 1949  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated directives/instructions/guidelines issued by RBI educational loan scheme and credit flow to agriculture  
Violated directives/instructions/guidelines issued by RBI on (credit card and debit card – issuance & conduct) directions, 2022  
Violated directives/instructions/guidelines issued by RBI on (financial services provided by banks) directions, 2016  
Violated directives/instructions/guidelines issued by RBI on financial inclusion - access to banking services - basic savings bank deposit account  
Violated directives/instructions/guidelines issued by RBI on strengthening the controls of payment ecosystem between sponsor banks and scbs/ucbs as corporate customer  
Violated directives/instructions/guidelines of RBI on central repository of large common exposures  
Violated directives/instructions/guidelines of RBI on classification and reporting of frauds  
Violated directives/instructions/guidelines of RBI on ipo financing and/or ncd subscriptions  
Violated directives/instructions/guidelines of RBI on maintenance of deposit accounts  
Violated directives/instructions/guidelines of RBI on opening of accounts including joint accounts  
Violated directives/instructions/guidelines of RBI on operational guidelines, 2014  
Violated directives/instructions/guidelines of RBI on scope of activities to be undertaken of business correspondents (bcs)  
Violated micro, small & medium enterprises (msme) sector directives/instructions/guidelines, 2017  
Violated RBI (interest rate on advances) directives/instructions/guidelines, 2016  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Violated RBI act, 1934  
Violated RBI directives/instructions/guidelines, 2016  
Violated RBI internal ombudsman scheme  
Violated RBI recovery agency guidelines  
Violated RBI’s directives on loans to directors  
Violated regulations of RBI on ensuring end-use of bank's funds lent to borrowers  
Violated sub-section (1) of section 35A of banking regulation act, 1949  
Public Sector Banks 01/08/1996 11/09/2026
Actions by RBI
Imposed penalty  
Reasons for Action
Did not adhere to anti money laundering (aml) and/or counter financing of terrorism (cft) directives/instructions/guidelines  
Did not adhere to directives/instructions/guidelines of RBI in matter of deccan chronicle holdings ltd.  
Did not adhere to directives/instructions/guidelines of RBI on cheque purchase/discounting and bill discounting etc.  
Did not adhere to directives/instructions/guidelines of RBI on direct creation of payment messages in swift environment  
Did not adhere to directives/instructions/guidelines of RBI on implementation of straight through processing (stp) between cbs/accounting system and swift system  
Did not adhere to directives/instructions/guidelines of RBI on independent reconciliation of logs generated from swift with corresponding entry passed in cbs/accounting system  
Did not adhere to directives/instructions/guidelines of RBI on introduction of additional layer of approval for all payment messages exceeding particular threshold  
Did not adhere to directives/instructions/guidelines of RBI on nostro reconciliation on T+1/T+5 basis  
Did not adhere to directives/instructions/guidelines of RBI pertaining to sanction/renewal of loans & advances  
Did not adhere to directives/instructions/guidelines of RBI to ensure that the users entering/passing/authorizing transactions in cbs different from those operating in swift environment  
Did not adhere to instructions of RBI on derivatives, such as failure to carry out due diligence in regard to suitability of products, selling derivative products to users not having risk management policies and not verifying underlying/adequacy of underlying and eligible limits under past performance route  
Did not adhere to instructions on funds received through real time gross settlement system (rtgs)  
Did not adhere to instructions on monitoring of transactions in customer accounts  
Did not exercise due diligence in opening of fixed deposit accounts & granting of overdrafts  
Middlemen/intermediaries involved in opening of accounts and also subsequent operations in those accounts  
Violated “know your customer” directives/instructions/guidelines  
Violated certain provisions of directives/instructions/guidelines issued by RBI on marketing/distribution of mutual fund/insurance products by urban co-operative banks  
Violated directives/instructions/guidelines issued by RBI  
Weaknesses in internal control systems, management oversight and used internal accounts for parking customer funds etc.  
Regional Rural Banks 01/08/1996 11/09/2026
Actions by RBI
Imposed penalty  
Reasons for Action
Defaulted in maintenance of Cash Reserve Ratio  
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  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines on prudential directives/instructions/guidelines  
Did not adhere to prudential directives/instructions/guidelines of RBI on income recognition and asset classification (irac) and provisioning pertaining to advances-divergence in npa accounts  
Did not allocate unique customer identification code (ucic)  
Violated “know your customer” directives/instructions/guidelines  
Violated branch licensing directives/instructions/guidelines  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Violated RBI circular on frauds monitoring and reporting mechanism  
Residuary Non-banking Co. 01/08/1996 11/09/2026
Actions by RBI
Ordered to lodge all securities held in custody with the designated bank for custody  
Ordered to repay public deposits  
Prohibited from accepting deposits  
Reasons for Action
Violated directives/instructions/guidelines issued by RBI  
Satellite Dealer 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of registration  
Reasons for Action
Business taken over by another company  
Scheduled Co-operative Banks 01/08/1996 11/09/2026
Actions by RBI
Cancelled banking license  
Directed registrar of co-operative societies to issue order for winding up of bank and appoint liquidator  
Imposed penalty  
Prohibited from disbursing any payments (except to small depositors)  
Prohibited from entering into any arrangements  
Prohibited from granting/renewing any loans/advances  
Prohibited from incurring any liability including borrowal of funds/fresh deposits  
Prohibited from making any investment  
Prohibited from selling/transferring any properties/assets  
Rejection of application for banking license  
Winding up of bank  
Reasons for Action
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to provisions of sections 11(1), 22(3)(A) and 22(3)(B) of the banking regulation act, 1949 (as applicable to co-operative societies)  
Did not adhere to RBI regulations  
Extremely unsatisfactory financial position  
Failed to pay debts  
Irretrievable and weak financial condition  
Urban Co-operative Banks 01/08/1996 11/09/2026
Actions by RBI
Cancelled banking license  
Cancelled certificate of registration  
Cautioned public that RBI has not granted permission to carry out banking activities  
Directed registrar of co-operative societies to issue order for winding up of bank and appoint liquidator  
Imposed penalty  
Liquidator appointed by state government  
Ordered to repay public deposits  
Placed under directions  
Prohibited from carrying on 'banking business' including acceptance and repayment of deposit  
Prohibited from disbursing any payments (except to small depositors)  
Prohibited from entering into any arrangements  
Prohibited from granting secured loans against certain securities  
Prohibited from granting/renewing any loans/advances  
Prohibited from incurring any liability including borrowal of funds/fresh deposits  
Prohibited from making any investment  
Prohibited from selling/transferring any properties/assets  
Rejection of application for banking license  
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  
Restrained from granting or renewing any loan /advances, make investment, incur liabilities, borrow, deal in properties etc. without approval of RBI in writing  
Reasons for Action
Allowed limits beyond exposure ceiling  
Ceased to be solvent  
Default in maintenance of statutory liquidity ratio (slr)  
Defaulted in maintenance of Cash Reserve Ratio  
Defaulted in membership of credit information companies (cics)  
Did not adhere to anti money laundering (aml) and/or counter financing of terrorism (cft) directives/instructions/guidelines  
Did not adhere to certain directives/instructions/guidelines issued by RBI under supervisory action framewark  
Did not adhere to directives/instructions/guidelines for gold loan with bullet repayment option  
Did not adhere to directives/instructions/guidelines issued by RBI on atm-cum-debit cards  
Did not adhere to directives/instructions/guidelines issued by RBI on board of directors of urban co-operative banks (ucbs)  
Did not adhere to directives/instructions/guidelines issued by RBI on urban co-operative banks (ucbs)  
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 breach of prescribed individual borrower exposure limit  
Did not adhere to directives/instructions/guidelines of RBI on cyber security framework in banks  
Did not adhere to directives/instructions/guidelines of RBI on declaration of dividend by ucbs  
Did not adhere to directives/instructions/guidelines of RBI on depositor education and awareness fund scheme, 2014  
Did not adhere to directives/instructions/guidelines of RBI on donations to trusts and institutions  
Did not adhere to directives/instructions/guidelines of RBI on exposure directives/instructions/guidelines and statutory/other restrictions  
Did not adhere to directives/instructions/guidelines of RBI on extension of fresh loans and advances carrying risk weights of 100% and above  
Did not adhere to directives/instructions/guidelines of RBI on framework for compromise settlements and technical write-offs  
Did not adhere to directives/instructions/guidelines of RBI on granting loans for real estate purposes  
Did not adhere to directives/instructions/guidelines of RBI on income recognition and asset classification (irac) norms and frauds  
Did not adhere to directives/instructions/guidelines of RBI on inspection & audit system in ucbs  
Did not adhere to directives/instructions/guidelines of RBI on levy of penal charges on non-maintenance of minimum balances in savings bank accounts  
Did not adhere to directives/instructions/guidelines of RBI on loans and/or advances to directors and their relatives  
Did not adhere to directives/instructions/guidelines of RBI on management of advances  
Did not adhere to directives/instructions/guidelines of RBI on maximum limits on unsecured advances/loans  
Did not adhere to directives/instructions/guidelines of RBI on national electronic funds transfer (neft) system  
Did not adhere to directives/instructions/guidelines of RBI on prohibiting loans & advances to directors & their relatives and firms/companies/concerns in which they are interested  
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 prudential inter-bank single & gross exposure limit  
Did not adhere to directives/instructions/guidelines of RBI on single borrower exposure limit and unsecured individual borrower limit  
Did not adhere to directives/instructions/guidelines of RBI on transfer of eligible funds to depositor education & awareness fund  
Did not adhere to directives/instructions/guidelines of risk categorization of accounts  
Did not adhere to directives/instructions/guidelines on admission of co-operative societies as nominal members  
Did not adhere to directives/instructions/guidelines on prudential directives/instructions/guidelines  
Did not adhere to directives/instructions/guidelines on share linking directives/instructions/guidelines  
Did not adhere to instructions of RBI on material supervisory concerns  
Did not adhere to instructions of RBI on supervisory action framework (saf)  
Did not adhere to provisions of RBI act, 1949  
Did not adhere to RBI regulations  
Did not adhere to the ceiling as prescribed by RBI on donation  
Did not adhere to the ceiling as prescribed by RBI on levy of service charges on customers  
Did not allocate unique customer identification code (ucic)  
Did not have adequate capital structure & earning prospects and not in a position to pay its present and/or future depositors in full  
Did not have system for effective identification & reporting of suspicious transactions to fiu-ind  
Did not provide records/information/statements of accounts of various heads and vouchers with supporting documents etc. for verification  
Extremely unsatisfactory financial position  
Irretrievable and weak financial condition  
Sanctioned loans on bullet repayment basis against gold/silver ornaments beyond prescribed ceiling limit  
Submitted inaccurate information to RBI regarding credit facilities to directors and relatives  
Unauthorised use of word 'bank' without prior permission/licence from RBI  
Violated “know your customer” directives/instructions/guidelines  
Violated banking regulation act, 1949  
Violated certain provisions of directives/instructions/guidelines issued by RBI on marketing/distribution of mutual fund/insurance products by urban co-operative banks  
Violated directives directives/instructions/guidelines of RBI on customer protection–limiting liability of customers in unauthorised electronic banking transactions  
Violated directives/instructions/guidelines by sanctioning fresh loans & advances  
Violated directives/instructions/guidelines for granting unsecured credit facilities  
Violated directives/instructions/guidelines issued by RBI  
Violated directives/instructions/guidelines issued by RBI and/or nabard on submission of statutory/oss returns  
Violated directives/instructions/guidelines issued by RBI on board of directors of urban co-operative banks (ucbs) in relation to director related loans  
Violated directives/instructions/guidelines of RBI for conducting banking business  
Violated directives/instructions/guidelines of RBI on classification and reporting of frauds  
Violated directives/instructions/guidelines of RBI on individual and group exposure limits  
Violated directives/instructions/guidelines of RBI on maintenance of deposit accounts  
Violated directives/instructions/guidelines on advances to builders and contractors against security of land  
Violated directives/instructions/guidelines pertaining to ceiling on unsecured advances applicable to urban co-operative banks (ucbs)  
Violated instructions of RBI on membership of co-operative societies,conduct of non-banking business,use of word”bank”in the name of another institution and share linking directives/instructions/guidelines  
Violated instructions on persistence of irregularities of previous inspection report and requirement of reporting of cash transactions in excess of Rs.10 lakh to fiu-ind,as required under aml directives/instructions/guidelines  
Violated micro, small & medium enterprises (msme) sector directives/instructions/guidelines, 2017  
Violated provisions of section 31 of banking regulation, act 1949 relating to publication/submission of accounts and balance sheet  
Violated RBI (interest rate on deposits) directives/instructions/guidelines, 2016  
Violated RBI act, 1934  
Violated RBI circular on frauds monitoring and reporting mechanism  
Violated RBI directives/instructions/guidelines, 2016  
Violated RBI’s directives on loans to directors  
Violated sub-section (1) of section 35A of banking regulation act, 1949  
Waived interest on advance which was related to a director of the bank  
White Label Atm Operators (non-bank) 01/08/1996 11/09/2026
Actions by RBI
Cancelled certificate of authorisation  
Imposed penalty  
Reasons for Action
Violated directives/instructions/guidelines issued by RBI on white label atms in india guidelines, 2012  
Voluntarily surrendered certificate of authorisation  
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ACE DERIVATIVES & COMMODITY STOCK EXCHANGE LTD. (since closed)
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ASSOCIATION OF MUTUAL FUNDS OF INDIA,THE
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BANKS
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BSE LTD.
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NSE CLEARING LTD.
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