|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
41
|
|
FEDERAL BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NO INCENTIVE (CASH OR NON-CASH) TO BE PAID TO ITS STAFF ENGAGED IN INSURANCE BROKING/CORPORATE AGENCY SERVICES BY INSURANCE CO.
|
IMPOSED PENALTY RS.5,72,00,000
07-JUL-2022
|
|
|
42
|
|
|
FEDERAL BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
|
IMPOSED PENALTY RS.50,00,000
31-JUL-2019
|
|
|
43
|
|
|
FEDERAL BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREATION OF CENTRAL REPOSITORY OF LARGE COMMON EXPOSURES - ACROSS BANKS READ WITH CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC) – REVISION IN REPORTING
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REPORTING OF ASSESSMENT UNDER RBS
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PAYMENT OF COMPENSATION FOR DELAY IN RESOLUTION OF ATM-RELATED CUSTOMER COMPLAINTS
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.5,00,00,000
25-SEP-2018
|
|
|
44
|
|
|
FEDERAL 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 ON KYC COMPLIANCE FOR WALK-IN CUSTOMERS INCLUDING FOR SALE OF THIRD PARTY PRODUCTS
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 ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS
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 WHICH PROHIBITS ACCEPTANCE OF CASH ABOVE RS.50, 000 FOR SALE OF GOLD COINS AND ISSUE OF DEMAND DRAFTS ETC.
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 ON IMPORT OF GOLD ON CONSIGNMENT BASIS
|
IMPOSED PENALTY RS.3,00,00,000
15-JUL-2013
|
|
|
45
|
|
|
FINCARE SMALL FINANCE BANK LTD.
|
|
|
CEASED TO BE A LEGAL ENTITY DUE TO AMALGAMATION/MERGER/DISSOLUTION/VOLUNTARY STRIKE-OFF ETC.
|
CEASED TO BE A BANKING CO.
14-MAY-2024
|
|
|
46
|
|
|
GANESH BANK OF KURUNDWAD LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM
07-JAN-2006
|
MERGED WITH "THE FEDERAL BANK LTD." WITH EFFECT FROM SEPTEMBER 02,2006
|
|
47
|
|
|
GLOBAL TRUST BANK LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
MERGER WITH ANOTHER BANK
14-AUG-2004
|
|
|
48
|
|
|
GLOBAL TRUST BANK LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM
24-JUL-2004
|
|
|
49
|
|
|
GUJARAT OLEO CHEM LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
|
IMPOSED PENALTY RS.3,00,00,000
09-APR-2018
|
|
|
50
|
|
|
HDFC BANK LTD.
|
|
|
GRANTED TERM LOAN TO ITS CLIENT VIOLATING RBI MASTER DIRECTION - FOREIGN INVESTMENT IN INDIA DATED 04/01/2018
|
IMPOSED PENALTY RS.4,88,000
11-JUL-2025
|
|
|
51
|
|
|
HDFC BANK LTD.
|
|
|
DID NOT CATEGORIZE CUSTOMERS AS LOW, MEDIUM OR HIGH RISK CATEGORY
ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS
|
IMPOSED PENALTY RS.75,00,000
24-MAR-2025
|
|
|
52
|
|
|
HDFC BANK LTD.
|
|
|
GAVE GIFTS (IN THE FORM OF PAYING FIRST-YEAR PREMIUM FOR COMPLIMENTARY LIFE INSURANCE COVER) COSTING MORE THAN RS.250 TO THE DEPOSITORS AT THE TIME OF ACCEPTING CERTAIN DEPOSITS
OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES
DID NOT ENSURE THAT CUSTOMERS ARE NOT CONTACTED AFTER 7 PM AND BEFORE 7 AM
|
IMPOSED PENALTY RS.1,00,00,000
03-SEP-2024
|
|
|
53
|
|
|
HDFC BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ACCEPTANCE OF DEPOSITS FROM NON-RESIDENTS
|
IMPOSED PENALTY RS.10,000
30-NOV-2023
|
|
|
54
|
|
|
HDFC BANK LTD.
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
|
IMPOSED PENALTY RS.10,00,00,000
27-MAY-2021
|
|
|
55
|
|
|
HDFC 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
|
IMPOSED PENALTY RS.1,00,00,000
29-JAN-2020
|
|
|
56
|
|
|
HDFC 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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT REPORT FRAUDS TO RBI
|
IMPOSED PENALTY RS.1,00,00,000
13-JUN-2019
|
|
|
57
|
|
|
HDFC 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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.20,00,000
04-FEB-2019
|
|
|
58
|
|
|
HDFC 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 RISK CATEGORIZATION OF ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS TO FILE STRS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF FEMA
|
IMPOSED PENALTY RS.2,00,00,000
27-JUL-2016
|
|
|
59
|
|
|
HDFC BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN MATTER OF DECCAN CHRONICLE HOLDINGS LTD.
|
IMPOSED PENALTY RS.5,00,000
25-JUL-2014
|
|
|
60
|
|
|
HDFC 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 OBSERVE CERTAIN SAFEGUARDS IN RESPECT OF ARRANGEMENT OF “AT PAR” PAYMENT OF CHEQUES DRAWN BY CO-OPERATIVE BANKS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON KYC COMPLIANCE FOR WALK-IN CUSTOMERS INCLUDING FOR SALE OF THIRD PARTY PRODUCTS
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 OBTAIN PERMANENT ACCOUNT NUMBER (PAN) CARD DETAILS OR FORM 60/61
DID NOT VERIFY SOURCE OF FUNDS CREDITED TO FEW NON-RESIDENT ORDINARY (NRO) ACCOUNTS
DID NOT RE-DESIGNATE FEW ACCOUNTS AS NRO ACCOUNTS
|
IMPOSED PENALTY RS.4,50,00,000
10-JUN-2013
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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