|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
401
|
|
GOVERNMENT EMPLOYEES CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
DID NOT IMPLEMENT CERTAIN BASIC CYBER SECURITY CONTROL MEASURES AND REQUIREMENTS UNDER CYBER SECURITY FRAMEWORK PRESCRIBED BY RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 17-JUL-2025
17-JUL-2025
|
|
|
402
|
|
|
GP PARSIK SAHAKARI BANK LTD.
|
|
|
DID NOT CREDIT (SHADOW REVERSAL) AMOUNTS INVOLVED IN CERTAIN UNAUTHORIZED ELECTRONIC TRANSACTIONS INTO ACCOUNTS OF CUSTOMERS WITHIN TEN WORKING DAYS FROM THE DATES OF NOTIFICATION BY THE CUSTOMERS
LEVIED ATM CARD ISSUANCE CHARGES AND ATM CARD ANNUAL MAINTENANCE CHARGES IN BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNTS
|
IMPOSED PENALTY RS.26,60,000 FROM 07-FEB-2024
07-FEB-2024
|
|
|
403
|
|
|
GREATER BOMBAY CO-OPERATIVE 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
|
IMPOSED PENALTY RS.25,00,000 FROM 22-MAY-2024
22-MAY-2024
|
|
|
404
|
|
|
GREATER BOMBAY CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.25,00,000 FROM 12-AUG-2021
12-AUG-2021
|
|
|
405
|
|
|
GS MAHANAGAR CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.25,00,000 FROM 08-SEP-2022
08-SEP-2022
|
|
|
406
|
|
|
GUJARAT AMBUJA CO-OPERATIVE BANK LTD.
|
|
|
SANCTIONED CREDIT FACILITIES TO INDIVIDUALS WHERE RELATIVES OF ITS DIRECTORS STOOD AS GUARANTORS
|
IMPOSED PENALTY RS.1,00,000 FROM 28-MAY-2024
28-MAY-2024
|
|
|
407
|
|
|
GUJARAT INDUSTRIAL CO-OPERATIVE BANK LTD.,THE
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 11-NOV-2011
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 11-NOV-2011
11-NOV-2011
|
|
|
408
|
|
|
GUJARAT MERCANTILE CO-OPERATIVE 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
DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO
|
IMPOSED PENALTY RS.4,50,000 FROM 18-SEP-2023
18-SEP-2023
|
|
|
409
|
|
|
GUJARAT MERCANTILE CO-OPERATIVE BANK LTD.
|
|
|
DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO
|
IMPOSED PENALTY RS.1,00,000 FROM 12-DEC-2022
12-DEC-2022
|
|
|
410
|
|
|
GUJARAT MERCANTILE CO-OPERATIVE BANK LTD.
|
|
|
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 REPORT CASH TRANSACTIONS REPORTS (CTR) TO FINANCIAL INTELLIGENCE UNIT-INDIA (FIU-IND)
|
IMPOSED PENALTY RS.5,00,000 FROM 16-JUL-2015
16-JUL-2015
|
|
|
411
|
|
|
GUJARAT MERCANTILE CO-OPERATIVE 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.2,00,000 FROM 22-MAR-2013
22-MAR-2013
|
|
|
412
|
|
|
GUJARAT MERCANTILE CO-OPERATIVE BANK LTD.
|
|
|
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 05-AUG-2011
05-AUG-2011
|
|
|
413
|
|
|
GUJARAT RAJYA KARMACHARI 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 11-MAR-2026 TO 10-SEP-2026
11-MAR-2026
|
|
|
414
|
|
|
GUJARAT RAJYA KARMACHARI CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT MAKE DISCLOSURE OF PENALTY IMPOSED BY RBI IN ‘NOTES TO ACCOUNTS’ TO BALANCE SHEET IN ITS ANNUAL REPORT
DID NOT PROVIDE DOCUMENTS AND COMPLETE INFORMATION PERTAINING TO AFFAIRS OF THE BANK REQUIRED BY RBI INSPECTING OFFICER(S)
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 PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE
|
IMPOSED PENALTY RS.7,50,000 FROM 25-JUN-2024
25-JUN-2024
|
|
|
415
|
|
|
GUJARAT RAJYA KARMACHARI CO-OPERATIVE BANK LTD.,THE
|
|
|
DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO
DID NOT SUBMIT CORRECT CERTIFICATE OF TRANSFER TO DEPOSITOR EDUCATION & AWARENESS FUND
|
IMPOSED PENALTY RS.3,00,000 FROM 15-DEC-2022
15-DEC-2022
|
|
|
416
|
|
|
GULBARGA & YADGIR DISTRICT CO-OPERATIVE CENTRAL BANK LTD.,THE
|
|
|
DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 18-FEB-2025
18-FEB-2025
|
|
|
417
|
|
|
GUMLA SIMDEGA 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
|
|
|
418
|
|
|
GUNA NAGARIK SAHAKARI BANK MARYADIT
|
|
|
DID NOT DEPOSIT PRESCRIBED AMOUNT TO MSE REFINANCE FUND MAINTAIN WITH SIDBI AGAINST SHORTFALL IN ACHIEVEMENT OF PSL TARGET FOR FY 2022-23 WITHIN PRESCRIBED TIME EVEN AFTER ISSUANCE OF CAUTIONARY LETTER
|
IMPOSED PENALTY RS.1,00,000 FROM 12-DEC-2024
12-DEC-2024
|
|
|
419
|
|
|
GUNTUR DISTRICT CO-OPERATIVE CENTRAL 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 23-SEP-2025
23-SEP-2025
|
|
|
420
|
|
|
GUNTUR DISTRICT CO-OPERATIVE CENTRAL BANK LTD.,THE
|
|
|
DELAY IN FURNISHING ITS ACCOUNTS AND BALANCE SHEET TO RBI/ NABARD
|
IMPOSED PENALTY RS.50,000 FROM 18-FEB-2025
18-FEB-2025
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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