|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1421
|
|
SURAT MAHILA NAGRIK SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 20-OCT-2009
20-OCT-2009
|
|
|
1422
|
|
|
SURAT MERCANTILE CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED INSTRUCTIONS ON DISPOSAL OF NON-BANKING ASSETS,DONATIONS AND PURCHASING OF CHEQUES BEYOND CEILING OF RS.20 LAKH PER INSTR
|
IMPOSED PENALTY RS.5,00,000 FROM 21-FEB-2011
21-FEB-2011
|
|
|
1423
|
|
|
SURAT NAGRIK SAHAKARI BANK LTD.
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE INVESTMENT, INCUR LIABILITIES, BORROW, DEAL IN PROPERTIES ETC. WITHOUT APPROVAL OF RBI IN WRITING FROM 01-MAR-2013
01-MAR-2013
|
|
|
1424
|
|
|
SURAT NATIONAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT PAY INTEREST RATE ON DEPOSITS ACCEPT FROM SENIOR CITIZENS AS PER SCHEDULE OF INTEREST RATES DISCLOSE IN ADVANCE
DID NOT PROVIDE DIRECT LINK TO LODGE COMPLAINTS WITH SPECIFIC OPTION TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS ON HOME PAGE OF WEBSITE
|
IMPOSED PENALTY RS.6,00,000 FROM 18-SEP-2023
18-SEP-2023
|
|
|
1425
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DIRECTORS OF THE BANK PARTICIPATED IN THE BOARD MEETING, WHEREIN PROPOSALS IN WHICH, THEY WERE DIRECTLY OR INDIRECTLY INTERESTED WERE DISCUSSED AND APPROVED
|
IMPOSED PENALTY RS.13,30,000 FROM 10-JUL-2026
10-JUL-2026
|
|
|
1426
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN REPORTING CREDIT INFORMATION PERTAINING TO CERTAIN BORROWERS TO CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC)
|
IMPOSED PENALTY RS.18,30,000 FROM 28-AUG-2025
28-AUG-2025
|
|
|
1427
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
LEVIED CHARGES ON CERTAIN CUSTOMERS FOR SENDING SMS ALERT DESPITE NOT HAVING MOBILE NUMBERS OF SUCH CUSTOMERS ON RECORD
|
IMPOSED PENALTY RS.61,60,000 FROM 23-SEP-2024
23-SEP-2024
|
|
|
1428
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
FLOATED TRUST FOR GENERAL PUBLIC IN VIOLATION OF RULES
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
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.5,00,000 FROM 28-JUN-2012
28-JUN-2012
|
|
|
1429
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAXIMUM LIMITS ON UNSECURED ADVANCES/LOANS
|
IMPOSED PENALTY RS.1,00,000 FROM 11-NOV-2011
11-NOV-2011
|
|
|
1430
|
|
|
SURAT PEOPLE'S 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
|
IMPOSED PENALTY RS.5,00,000 FROM 06-SEP-2011
06-SEP-2011
|
|
|
1431
|
|
|
SURENDRANAGAR PEOPLE'S CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 04-SEP-2009
04-SEP-2009
|
|
|
1432
|
|
|
SURI FRIENDS' UNION COOPERATIVE BANK LTD.,THE
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE INVESTMENT, INCUR LIABILITIES, BORROW, DEAL IN PROPERTIES ETC. WITHOUT APPROVAL OF RBI IN WRITING FROM 01-JAN-2015
01-JAN-2015
|
RBI VIDE ITS ORDER DATED 02/07/2015, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 07/07/2015 TO 06/01/2016
RBI VIDE ITS ORDER DATED 01/01/2015, EXTENDED PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 07/01/2015 TO 06/07/2015
RBI VIDE ITS ORDER DATED 13/01/2016, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 07/01/2016 TO 06/07/2016
RBI VIDE ITS ORDER DATED 13/07/2016, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 07/07/2016 TO 06/01/2017
RBI VIDE ITS ORDER DATED 10/01/2017 EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 07/01/2017 TO 06/07/2017 WITH PARTIAL MODIFICATIONS, NAMELY (I) SUM NOT EXCEEDING RS.50,000.00 MAY BE ALLOWED TO BE WITHDRAWN BY DEPOSITOR, PROVIDED THAT WHEREVER SUCH DEPOSITOR IS HAVING LIABILITY TO THE BANK IN ANY MANNER, I.E. EITHER AS A BORROWER OR SURETY, INCLUDING LOANS AGAINST THE BANK DEPOSITS, THE AMOUNT MAY BE ADJUSTED FIRST TO THE RELEVANT BORROWAL ACCOUNT/S (II) BANK IS ALLOWED TO SET OFF LOANS AGAINST FIXED DEPOSITS, IF TERMS & CONDITIONS OF LOAN AGREEMENT WITH BORROWER PROVIDE THAT THE AMOUNT IN HIS SPECIFIC DEPOSIT ACCOUNT MAY BE ALLOWED TO BE APPROPRIATED / ADJUSTED BY THE BANK TOWARDS HIS LOAN ACCOUNT, SUCH APPROPRIATION / ADJUSTMENT TO THE EXTENT OF OUTSTANDING BALANCE IN LOAN ACCOUNT IS PERMITTED SUBJECT TO CERTAIN ADDITIONAL CONDITIONS AND (III) BANK IS ALLOWED TO RENEW EXISTING LOAN LIMITS OF STANDARD AND SECURED CC ACCOUNTS OTHER THAN THE DIRECTOR RELATED LOANS, IF ANY, AS PER EXISTING TERMS AND CONDITIONS
RBI VIDE ITS ORDER DATED 10/07/2017, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 07/07/2017 TO 06/01/2018
RBI VIDE ITS ORDER DATED 16/01/2018 WITHREW DIRECTIONS IMPOSED VIDE DIRECTIVE DATED 29/06/2017 AND PERMITTED BANK TO CONTINUE TO BE UNDER OPERATIONAL INSTRUCTIONS
|
|
1433
|
|
|
SUTEX CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT CONDUCT VULNERABILITY ASSESSMENT AND PENETRATION TESTING OF ITS INTERNET FACING MOBILE APPLICATION AS PER PRESCRIBED PERIODICITY
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000 FROM 26-APR-2024
26-APR-2024
|
|
|
1434
|
|
|
SUTEX CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.10,00,000 FROM 27-APR-2023
27-APR-2023
|
|
|
1435
|
|
|
SUTEX 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
|
IMPOSED PENALTY RS.3,00,000 FROM 07-SEP-2021
07-SEP-2021
|
|
|
1436
|
|
|
SUTEX 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.2,00,000 FROM 16-JUN-2015
16-JUN-2015
|
|
|
1437
|
|
|
SUVARNA NAGARI SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 20-FEB-2009
20-FEB-2009
|
|
|
1438
|
|
|
SUVARNAYUG SAHAKARI BANK LTD.
|
|
|
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 05-AUG-2024
05-AUG-2024
|
|
|
1439
|
|
|
SUVARNAYUG SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.1,00,000 FROM 27-APR-2023
27-APR-2023
|
|
|
1440
|
|
|
SUVIDHA MAHILA NAGRIK SAHAKARI BANK MARYADIT
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 21-OCT-2009
21-OCT-2009
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
72
of
82
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