|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
181
|
|
BHUJ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
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
|
IMPOSED PENALTY RS.7,00,000 FROM 14-DEC-2022
14-DEC-2022
|
|
|
182
|
|
|
BHUJ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI UNDER SECTION 35A OF THE BANKING REGULATION ACT, 1949
|
IMPOSED PENALTY RS.5,00,000 FROM 28-OCT-2015
28-OCT-2015
|
|
|
183
|
|
|
BHUJ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
PROHIBITED FROM GRANTING/RENEWING ANY LOANS/ADVANCES FROM 02-APR-2012
PROHIBITED FROM INCURRING ANY LIABILITY INCLUDING BORROWAL OF FUNDS/FRESH DEPOSITS FROM 02-APR-2012
PROHIBITED FROM SELLING/TRANSFERRING ANY PROPERTIES/ASSETS FROM 02-APR-2012
02-APR-2012
|
RBI VIDE ITS ORDER DATED 28/03/2013, FURTHER EXTENDED THE PERIOD OF DIRECTIONS ISSUED VIDE ITS ORDER DATED 02/04/2012 TILL 02/10/2013
RBI VIDE ITS ORDER DATED 28/09/2012 EXTENDED THE PERIOD OF DIRECTIONS ISSUED VIDE ITS ORDER DATED 02/04/2012 TILL 02/04/2013
RBI VIDE ITS ORDER DATED 12/09/2013, FURTHER EXTENDED THE PERIOD OF DIRECTIONS ISSUED VIDE ITS ORDER DATED 02/04/2012 TILL 02/04/2014
|
|
184
|
|
|
BHUJ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO INSTRUCTIONS OF RBI RELATING TO TEMPORARY OVERDRAFT
KEPT BANK’S NAME WITHOUT THE WORD “CO-OPERATIVE”
|
IMPOSED PENALTY RS.5,00,000 FROM 25-APR-2011
25-APR-2011
|
|
|
185
|
|
|
BHUSAWAL PEOPLE'S CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 22-MAR-2012
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 22-MAR-2012
22-MAR-2012
|
|
|
186
|
|
|
BIDAR MAHILA URBAN CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE ANY INVESTMENT, INCUR ANY LIABILITIES INCLUDING BORROWAL OF FUNDS AND ACCEPTANCE OF FRESH DEPOSITS, DISBURSE OR AGREE TO DISBURSE ANY PAYMENT WHETHER IN DISCHARGE OF ITS LIABILITIES AND OBLIGATIONS OR OTHERWISE, ENTER INTO ANY COMPROMISE OR ARRANGEMENT AND SELL, TRANSFER OR OTHERWISE DISPOSE OF ANY OF ITS PROPERTIES OR ASSETS FROM 21-FEB-2019
21-FEB-2019
|
RBI VIDE ITS ORDER DATED 03/09/2019, EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 01/09/2019 TO 29/02/2020
RBI VIDE ITS ORDER DATED 28/02/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 21/02/2019 FOR FURTHER SIX MONTHS FROM 01/03/2020 TO 31/08/2020
RBI VIDE ITS ORDER DATED 31/08/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 21/02/2019 FOR FURTHER SIX MONTHS FROM 01/09/2020 TO 28/02/2021
RBI VIDE ITS ORDER DATED 01/09/2021, DIRECTED TO CONTINUE DIRECTIONS DATED 21/02/2019 APPLY TO BANK FURTHER PERIOD OF SIX MONTHS FROM 01/09/2021 TO 28/02/2022
|
|
187
|
|
|
BIDAR MAHILA URBAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.50,000 FROM 04-FEB-2019
04-FEB-2019
|
|
|
188
|
|
|
BIG KANCHEEPURAM CO-OPERATIVE TOWN BANK LTD.,THE
|
|
|
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.50,000 FROM 12-NOV-2025
12-NOV-2025
|
|
|
189
|
|
|
BIG KANCHEEPURAM CO-OPERATIVE TOWN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.2,00,000 FROM 15-FEB-2022
15-FEB-2022
|
|
|
190
|
|
|
BIHAR AWAMI CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,50,000 FROM 20-SEP-2024
20-SEP-2024
|
|
|
191
|
|
|
BIHAR AWAMI CO-OPERATIVE BANK LTD.,THE
|
|
|
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXCHANGE/ACCEPTANCE OF SPECIFIED BANK NOTES (SBNS)
|
IMPOSED PENALTY RS.5,00,000 FROM 12-APR-2021
12-APR-2021
|
|
|
192
|
|
|
BIHAR STATE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT PUT IN PLACE ROBUST SOFTWARE FOR EFFECTIVE IDENTIFICATION AND REPORTING OF SUSPICIOUS TRANSACTIONS
DELAY IN SUBMITTING STATUTORY RETURNS TO RBI
DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD
DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON VIDEO BASED CUSTOMER IDENTIFICATION PROCESS (V-CIP) INFRASTRUCTURE TO PREVENT CONNECTIONS FROM IP ADDRESSES OUTSIDE INDIA
|
IMPOSED PENALTY RS.60,20,000 FROM 05-JUN-2023
05-JUN-2023
|
|
|
193
|
|
|
BIHAR STATE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO REGULATORY DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NABARD CONTAINED IN REVIEW OF FRAUDS-DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MONITORING AND REPORTING SYSTEM
|
IMPOSED PENALTY RS.5,00,000 FROM 30-AUG-2021
30-AUG-2021
|
|
|
194
|
|
|
BIJNOR URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT MAKE DISCLOSURE OF BANK GUARANTEE ISSUED AND VIOLATED DIRECTIVES ISSUED BY RBI ON GUARANTEES, CO-ACCEPTANCE AND LETTER OF CREDIT
|
IMPOSED PENALTY RS.6,00,000 FROM 14-JUN-2021
14-JUN-2021
|
|
|
195
|
|
|
BIJNOR URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT SUBMIT RETURNS U/S 27 OF THE IBID ACT
|
IMPOSED PENALTY RS.10,00,000 FROM 04-OCT-2018
04-OCT-2018
|
|
|
196
|
|
|
BIJNOR URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
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
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
|
IMPOSED PENALTY RS.5,00,000 FROM 03-MAR-2014
03-MAR-2014
|
|
|
197
|
|
|
BILASPUR NAGRIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000 FROM 03-APR-2024
03-APR-2024
|
|
|
198
|
|
|
BILASPUR NAGRIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.2,50,000 FROM 18-MAY-2022
18-MAY-2022
|
|
|
199
|
|
|
BIRBHUM DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RISK CATEGORIZATION OF ACCOUNTS
DID NOT OBTAIN MEMBERSHIP OF THREE OUT OF FOUR CREDIT INFORMATION COMPANIES (CICS)
|
IMPOSED PENALTY RS.1,10,000 FROM 19-SEP-2023
19-SEP-2023
|
|
|
200
|
|
|
BIRBHUM DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD
|
REJECTION OF APPLICATION FOR BANKING LICENSE FROM 15-MAY-2014
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 15-MAY-2014
PROHIBITED FROM CARRYING ON `BANKING BUSINESS` INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT FROM 15-MAY-2014
15-MAY-2014
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
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