|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1361
|
|
SIND CO-OPERATIVE URBAN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.50,000 FROM 08-NOV-2017
08-NOV-2017
|
|
|
1362
|
|
|
SINDH MERCANTILE CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 28-NOV-2006
28-NOV-2006
|
|
|
1363
|
|
|
SINDHUDURG DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.13,30,000 FROM 17-JUL-2026
17-JUL-2026
|
|
|
1364
|
|
|
SINDHUDURG DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.2,00,000 FROM 25-SEP-2024
25-SEP-2024
|
|
|
1365
|
|
|
SIR M VISHVESVARAYA CO-OPERATIVE BANK LTD.
|
|
|
GRANTED HOUSING LOANS OF MORE THAN RS.70 LAKH VIOLATING RBI CIRCULAR NO.UBD.BPD.(PCB).CIR.NO.7/09.22.10/2011-12 DATED 31/10/2011
EXTENDED DONATION TO TRUST WHERE DIRECTOR OF THE BANK WAS ADMINISTRATOR VIOLATING RBI CIRCULAR UBD.BPD.(PCB).CIR.NO.7/09.72.000/2013-14 DATED 30/08/2013
|
IMPOSED PENALTY RS.5,00,000 FROM 09-OCT-2018
09-OCT-2018
|
|
|
1366
|
|
|
SIRCILLA CO-OPERATIVE URBAN BNAK LTD.THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
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.50,000 FROM 01-FEB-2018
01-FEB-2018
|
|
|
1367
|
|
|
SIROHI 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
|
|
|
1368
|
|
|
SIVAGANGAI DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.25,000 FROM 03-JUL-2024
03-JUL-2024
|
|
|
1369
|
|
|
SIVAGANGAI DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO RBI REGULATIONS
|
PLACED UNDER DIRECTIONS & INSPECTION ORDERED FROM 26-APR-2005
26-APR-2005
|
INSPECTION COMPLETED.FURTHER ACTION UNDER CONSIDERATION.
|
|
1370
|
|
|
SIWAN CO-OPERATIVE CENTRAL 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.5,00,000 FROM 24-OCT-2013
24-OCT-2013
|
|
|
1371
|
|
|
SMRITI NAGRIK SAHAKARI BANK MARYADIT,MANDSAUR
|
|
|
DID NOT IMPLEMENT CERTAIN CYBER SECURITY CONTROLS UNDER COMPREHENSIVE CYBER SECURITY FRAMEWORK PRESCRIBED BY RBI
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.2,50,000 FROM 23-JUL-2025
23-JUL-2025
|
|
|
1372
|
|
|
SMRITI NAGRIK SAHAKARI BANK MARYADIT,MANDSAUR
|
|
|
RECOVERED SMS ALERT CHARGES FROM CUSTOMERS, NOT ON ACTUAL USAGE BASIS
SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
|
IMPOSED PENALTY RS.4,20,000 FROM 30-DEC-2024
30-DEC-2024
|
|
|
1373
|
|
|
SMRITI NAGRIK SAHAKARI BANK MARYADIT,MANDSAUR
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI PERTAINING TO LOANS BEYOND CEILING OF RS.1 LAKH TO NOMINAL MEMBERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON OUTSOURCING AND FAIR PRACTICES CODE IN DIGITAL LENDING OPERATIONS UNDERTAKEN THROUGH THIRD PARTY APPS
|
IMPOSED PENALTY RS.4,00,000 FROM 14-MAR-2023
14-MAR-2023
|
|
|
1374
|
|
|
SOJITRA CO-OPERATIVE BANK LTD.,THE
|
|
|
PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 OF THE BANKING REGULATION ACT, 1949
|
CANCELLED BANKING LICENSE FROM 23-JAN-2017
PROHIBITED FROM CARRYING ON 'BANKING BUSINESS' INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT FROM 23-JAN-2017
23-JAN-2017
|
|
|
1375
|
|
|
SOLAPUR 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
|
IMPOSED PENALTY RS.5,00,000 FROM 22-FEB-2024
22-FEB-2024
|
|
|
1376
|
|
|
SOLAPUR DISTRICT CENTRAL 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.5,00,000 FROM 08-NOV-2012
08-NOV-2012
|
|
|
1377
|
|
|
SOLAPUR JANATA SAHAKARI BANK LTD.
|
|
|
BANK’S BYE-LAWS PERMITTED ADMISSION OF CO-OPERATIVE SOCIETY AS A MEMBER IN THE BANK, IN CONTRAVENTION OF THE PROVISIONS OF THE BANKING REGULATION ACT,1949
|
IMPOSED PENALTY RS.15,00,000 FROM 07-JUL-2025
07-JUL-2025
|
|
|
1378
|
|
|
SOLAPUR JANATA SAHAKARI BANK LTD.
|
|
|
APPOINTED A MEMBER ON ITS BOARD OF MANAGEMENT, WHO DID NOT SATISFY FIT & PROPER CRITERIA AND DID NOT RECONSTITUTE BOARD OF MANAGEMENT WITHIN SPECIFIED TIME DESPITE SPECIFIC DIRECTION ISSUED BY RBI
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
|
IMPOSED PENALTY RS.28,30,000 FROM 13-MAR-2024
13-MAR-2024
|
|
|
1379
|
|
|
SOLAPUR NAGRI AUDHYOGIK SAHAKARI BANK NIYAMIT
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 05-NOV-2011
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 05-NOV-2011
05-NOV-2011
|
|
|
1380
|
|
|
SOLAPUR NAGRI AUDHYOGIK SAHAKARI BANK NIYAMIT
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
IMPOSED PENALTY RS.5,00,000 FROM 06-OCT-2010
06-OCT-2010
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
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Page
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82
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