|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
221
|
|
BUNDI CENTRAL 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
|
IMPOSED PENALTY RS.5,00,000 FROM 31-MAR-2015
31-MAR-2015
|
|
|
222
|
|
|
BUSINESS CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN TRANSFER OF ELIGIBLE UNCLAIMED DEPOSITS TO DEPOSITOR EDUCATION & AWARENESS FUND
|
IMPOSED PENALTY RS.1,00,000 FROM 24-FEB-2025
24-FEB-2025
|
|
|
223
|
|
|
CAMBAY HINDU MERCHANTS CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 30-DEC-2009
30-DEC-2009
|
|
|
224
|
|
|
CATHOLIC CO-OPERATIVE URBAN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.1,00,000 FROM 10-FEB-2017
10-FEB-2017
|
|
|
225
|
|
|
CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.2,00,000 FROM 16-APR-2024
16-APR-2024
|
|
|
226
|
|
|
CENTRAL 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
|
IMPOSED PENALTY RS.5,00,000 FROM 31-MAR-2015
31-MAR-2015
|
|
|
227
|
|
|
CENTURY CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO RBI REGULATIONS
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
CANCELLED BANKING LICENSE FROM 07-JUN-2005
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 07-JUN-2005
PROHIBITED FROM ACCEPTING DEPOSITS FROM 07-JUN-2005
PROHIBITED FROM REPAYING DEPOSITS FROM 07-JUN-2005
07-JUN-2005
|
|
|
228
|
|
|
CHAITANYA CO-OPERATIVE URBAN BANK LTD.
|
|
|
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
|
IMPOSED PENALTY RS.1,00,000 FROM 03-NOV-2015
03-NOV-2015
|
|
|
229
|
|
|
CHALISGAON PEOPLE'S CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 03-DEC-2008
03-DEC-2008
|
|
|
230
|
|
|
CHANASMA COMMERCIAL CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
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.3,00,000 FROM 16-DEC-2024
16-DEC-2024
|
|
|
231
|
|
|
CHANASMA NAGRIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT PROVIDE 24X7 ACCESS THROUGH MULTIPLE CHANNELS TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS THAT HAD TAKEN PLACE AND/OR LOSS OR THEFT OF PAYMENT INSTRUMENT SUCH AS CARD ETC.
DID NOT ENABLE CUSTOMERS TO INSTANTLY RESPOND BY 'REPLY' TO SMS ALERTS TO NOTIFY OBJECTION TOWARDS UNAUTHORISED ELECTRONIC BANKING TRANSACTIONS
|
IMPOSED PENALTY RS.1,00,000 FROM 31-JUL-2025
31-JUL-2025
|
|
|
232
|
|
|
CHANASMA NAGRIK SAHAKARI 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
|
IMPOSED PENALTY RS.5,00,000 FROM 03-MAR-2014
03-MAR-2014
|
|
|
233
|
|
|
CHANDRAPUR DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS
|
IMPOSED PENALTY RS.4,50,000 FROM 15-SEP-2025
15-SEP-2025
|
|
|
234
|
|
|
CHANDRAPUR DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.2,50,000 FROM 08-JUL-2024
08-JUL-2024
|
|
|
235
|
|
|
CHATRAPUR CO-OPERATIVE BANK LTD.,THE
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 23-MAY-2012
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 23-MAY-2012
23-MAY-2012
|
|
|
236
|
|
|
CHEMBUR NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS AND PROVIDING THEM WITH ONE MONTH NOTICE FOR RESTORATION OF MINIMUM BALANCES
|
IMPOSED PENALTY RS.1,00,000 FROM 20-NOV-2023
20-NOV-2023
|
|
|
237
|
|
|
CHENNAI CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.1,00,000 FROM 17-FEB-2022
17-FEB-2022
|
|
|
238
|
|
|
CHHAPI NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.1,00,000 FROM 18-SEP-2023
18-SEP-2023
|
|
|
239
|
|
|
CHHATTISGARH RAJYA SAHAKARI BANK MARYADIT
|
|
|
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.25,00,000 FROM 03-AUG-2022
03-AUG-2022
|
|
|
240
|
|
|
CHIKKAMAGALURU DISTRICT CO-OPERATIVE CENTRAL BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 28-FEB-2024
28-FEB-2024
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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