|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
41
|
|
FEDERAL BANK LTD.,THE
|
|
|
OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES
|
IMPOSED PENALTY RS.30,00,000 FROM 30-OCT-2023
30-OCT-2023
|
|
|
42
|
|
|
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 FROM 07-JUL-2022
07-JUL-2022
|
|
|
43
|
|
|
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 FROM 31-JUL-2019
31-JUL-2019
|
|
|
44
|
|
|
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 FROM 25-SEP-2018
25-SEP-2018
|
|
|
45
|
|
|
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 FROM 15-JUL-2013
15-JUL-2013
|
|
|
46
|
|
|
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. FROM 14-MAY-2024
14-MAY-2024
|
|
|
47
|
|
|
GANESH BANK OF KURUNDWAD LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM FROM 07-JAN-2006 TO 06-APR-2006
07-JAN-2006
|
MERGED WITH "THE FEDERAL BANK LTD." WITH EFFECT FROM SEPTEMBER 02,2006
|
|
48
|
|
|
GLOBAL TRUST BANK LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
MERGER WITH ANOTHER BANK FROM 14-AUG-2004
14-AUG-2004
|
|
|
49
|
|
|
GLOBAL TRUST BANK LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM FROM 24-JUL-2004 TO 23-OCT-2004
24-JUL-2004
|
|
|
50
|
|
|
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 FROM 09-APR-2018
09-APR-2018
|
|
|
51
|
|
|
HDFC BANK LTD.
|
|
|
ADOPTED MULTIPLE BENCHMARKS WITHIN SAME LOAN CATEGORY
A WHOLLY OWNED SUBSIDIARY OF THE BANK UNDERTOOK BUSINESS OF TECHNOLOGY SERVICE PROVIDER, WHICH WAS NOT PERMISSIBLE BUSINESS THAN BE UNDERTAKEN BY A BANKING COMPANY
OUTSOURCED DECISION-MAKING FUNCTIONS OF DETERMINING COMPLIANCE WITH KYC (KNOW YOUR CUSTOMER) NORMS TO CERTAIN OUTSOURCED AGENTS
|
IMPOSED PENALTY RS.91,00,000 FROM 18-NOV-2025
18-NOV-2025
|
|
|
52
|
|
|
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 FROM 11-JUL-2025
11-JUL-2025
|
|
|
53
|
|
|
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 FROM 24-MAR-2025
24-MAR-2025
|
|
|
54
|
|
|
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 FROM 03-SEP-2024
03-SEP-2024
|
|
|
55
|
|
|
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 FROM 30-NOV-2023
30-NOV-2023
|
|
|
56
|
|
|
HDFC BANK LTD.
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
|
IMPOSED PENALTY RS.10,00,00,000 FROM 27-MAY-2021
27-MAY-2021
|
|
|
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
|
IMPOSED PENALTY RS.1,00,00,000 FROM 29-JAN-2020
29-JAN-2020
|
|
|
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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT REPORT FRAUDS TO RBI
|
IMPOSED PENALTY RS.1,00,00,000 FROM 13-JUN-2019
13-JUN-2019
|
|
|
59
|
|
|
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 FROM 04-FEB-2019
04-FEB-2019
|
|
|
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 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 FROM 27-JUL-2016
27-JUL-2016
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
3
of
9
|
