|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
361
|
|
EXCELLENT CO-OPERATIVE BANK LTD.
|
|
|
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 MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.4,00,000 FROM 23-JUN-2021
23-JUN-2021
|
|
|
362
|
|
|
EXPERIAN CREDIT INFORMATION CO.OF INDIA PVT.LTD.
|
|
|
DID NOT SEND INTIMATION REGARDING DISCREPANCY IN RESPECT OF CREDIT
INFORMATION TO CREDIT INSTITUTIONS BY SEVENTH DAY FROM THE DATE OF RECEIPT OF REQUESTS THERE OF
NEITHER UPDATED / CORRECTED CREDIT INFORMATION NOR INTIMATED BORROWERS REGARDING ITS INABILITY TO DO SO WITHIN STIPULATED PERIOD OF 30 DAYS OF RECEIPT OF REQUESTS FOR UPDATION / CORRECTION
|
IMPOSED PENALTY RS.2,00,000 FROM 03-MAR-2025
03-MAR-2025
|
|
|
363
|
|
|
FAIZ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL
|
CANCELLED BANKING LICENSE FROM 29-DEC-2023
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 29-DEC-2023
29-DEC-2023
|
|
|
364
|
|
|
FAIZ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1949
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE ANY INVESTMENT, INCUR ANY LIABILITIES INCLUDING BORROWAL OF FUNDS AND ACCEPTANCE OF FRESH DEPOSITS, DISBURSE OR AGREE TO DISBURSE ANY PAYMENT WHETHER IN DISCHARGE OF ITS LIABILITIES AND OBLIGATIONS OR OTHERWISE, ENTER INTO ANY COMPROMISE OR ARRANGEMENT AND SELL, TRANSFER OR OTHERWISE DISPOSE OF ANY OF ITS PROPERTIES OR ASSETS FROM 03-MAR-2023 TO 02-SEP-2023
03-MAR-2023
|
RBI VIDE ITS ORDER DATED 01/09/2023, DIRECTED TO CONTINUE ITS DIRECTIONS DATED 02/03/2023 FOR FURTHER THREE MONTHS FROM 04/09/2023 TO 03/12/2023
RBI VIDE ITS ORDER DATED 01/12/2023, DIRECTED TO CONTINUE DIRECTIVE DATED 02/03/2023 FOR FURTHER THREE MONTHS FROM 03/12/2023 TO 03/03/2024
|
|
365
|
|
|
FAIZ MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
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 OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.25,000 FROM 09-MAR-2022
09-MAR-2022
|
|
|
366
|
|
|
FAIZPUR JANTA SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 02-DEC-2008
02-DEC-2008
|
|
|
367
|
|
|
FATEHABAD CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED DEPOSITS TO DEPOSITOR EDUCATION & AWARENESS FUND WITHIN DUE DATE
|
IMPOSED PENALTY RS.2,00,000 FROM 31-MAR-2024
31-MAR-2024
|
|
|
368
|
|
|
FATEHPUR DISTRICT CO-OPERATIVE BANK LTD.,THE
|
|
|
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.2,00,000 FROM 20-NOV-2025
20-NOV-2025
|
|
|
369
|
|
|
FINANCIAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CEILING ON INTER-BANK DEPOSITS
|
IMPOSED PENALTY RS.1,00,000 FROM 03-MAY-2013
03-MAY-2013
|
|
|
370
|
|
|
GANDEVI PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
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 REPORT FRAUDS TO RBI
|
IMPOSED PENALTY RS.2,00,000 FROM 01-SEP-2023
01-SEP-2023
|
|
|
371
|
|
|
GANDEVI PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
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
|
IMPOSED PENALTY RS.1,00,000 FROM 09-MAY-2011
09-MAY-2011
|
|
|
372
|
|
|
GANDHIDHAM MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DONATIONS TO TRUSTS AND INSTITUTIONS WHERE DIRECTORS AND/OR RELATIVES HOLD POSITION OR INTERESTED
|
IMPOSED PENALTY RS.1,00,000 FROM 09-AUG-2024
09-AUG-2024
|
|
|
373
|
|
|
GANDHIDHAM MERCANTILE 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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS & ADVANCES TO DIRECTORS ETC AS SURETY/GUARANTORS CLASSIFICATION OF UCBS
|
IMPOSED PENALTY RS.50,000 FROM 13-OCT-2022
13-OCT-2022
|
|
|
374
|
|
|
GANDHIDHAM MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPERATIONAL MATTERS
|
IMPOSED PENALTY RS.2,00,000 FROM 15-JAN-2014
15-JAN-2014
|
|
|
375
|
|
|
GANDHIDHAM 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
ALLOWED INTRA-DAY OVERDRAWALS IN SEVERAL ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DISCLOSURE OF MONETARY PENALTY IN PUBLIC DOMAIN
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON LENDING FOR PURCHASE OF LAND FOR CONSTRUCTION OF COMMERCIAL PROPERTY
|
IMPOSED PENALTY RS.5,00,000 FROM 08-AUG-2013
08-AUG-2013
|
|
|
376
|
|
|
GANDHINAGAR NAGARIK CO-OPERATIVE BANK LTD.,THE
|
|
|
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.1,00,000 FROM 08-JUN-2011
08-JUN-2011
|
|
|
377
|
|
|
GANDHINAGAR URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS
|
IMPOSED PENALTY RS.1,00,000 FROM 22-MAY-2024
22-MAY-2024
|
|
|
378
|
|
|
GANGANAGAR KENDRIYA SAHKARI BANK LTD.,THE
|
|
|
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
DELAY IN CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.3,00,000 FROM 09-FEB-2026
09-FEB-2026
|
|
|
379
|
|
|
GARHA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL
|
CANCELLED BANKING LICENSE FROM 16-FEB-2023
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 16-FEB-2023
16-FEB-2023
|
|
|
380
|
|
|
GARHA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
|
IMPOSED PENALTY RS.1,00,000 FROM 04-AUG-2022
04-AUG-2022
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
19
of
82
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