|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1501
|
|
UNAVA NAGRIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.1,00,000 FROM 26-MAY-2011
26-MAY-2011
|
|
|
1502
|
|
|
UNITED COMMERCIAL CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 24-JAN-2015
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 24-JAN-2015
24-JAN-2015
|
|
|
1503
|
|
|
UNITED COMMERCIAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTION ISSUED BY RBI ON TRANSFER TO RESERVE FUNDS VIOLATING SECTION 17(1) AND 11(2)(B)(II) OF BANKING REGULATION ACT, 1949
|
CANCELLED BANKING LICENSE FROM 20-JAN-2015
20-JAN-2015
|
|
|
1504
|
|
|
UNITED COMMERCIAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT SUBMIT OFF-SITE SURVEILLANCE (OSS) RETURNS VIOLATING SECTION 27 OF RBI ACT, 1934
DID NOT PREPARE/SUBMIT/PUBLISH BALANCE SHEET, PROFIT & LOSS ACCOUNT AND AUDITOR'S REPORT AS REQUIRED UNDER SECTIONS 29 AND 31 OF BANKING REGULATION (CO-OPERATIVE SOCIETIES) RULES,1966
|
IMPOSED PENALTY RS.5,00,000 FROM 30-SEP-2013
30-SEP-2013
|
RBI VIDE ITS ORDER DATED 26/05/2014, AGAIN EXTENDED THE PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 01/06/2014 TO 30/11/2014
RBI VIDE ITS ORDER DATED 29/11/2013, AGAIN EXTENDED THE PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 01/12/2013 TO 31/05/2014
RBI VIDE ITS ORDER DATED 28/11/2014, AGAIN EXTENDED PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 01/12/2014 TO 28/02/2015
|
|
1505
|
|
|
UNITED CO-OPERATIVE BANK LTD.,THE
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|
|
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.1,00,000 FROM 30-NOV-2023
30-NOV-2023
|
|
|
1506
|
|
|
UNITED CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL
|
CANCELLED BANKING LICENSE FROM 10-MAY-2021
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 10-MAY-2021
PROHIBITED FROM CARRYING ON 'BANKING BUSINESS' INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT FROM 10-MAY-2021
10-MAY-2021
|
|
|
1507
|
|
|
UNITED CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
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 18-JUL-2018
18-JUL-2018
|
RBI VIDE ITS ORDER DATED 22/01/2019, EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 19/01/2019 TO 18/07/2019
RBI VIDE ITS ORDER DATED 12/07/2019, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 19/07/2019 TO 18/10/2019
RBI VIDE ITS ORDER DATED 22/10/2019, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 19/10/2019 TO 18/04/2020
RBI VIDE ITS ORDER DATED 17/04/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 18/07/2018 FOR FURTHER THREE MONTHS FROM 19/04/2020 TO 18/07/2020
RBI VIDE ITS ORDER DATED 17/07/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 18/07/2018 FOR FURTHER THREE MONTHS FROM 19/07/2020 TO 18/10/2020
RBI VIDE ITS ORDER DATED 19/10/2020, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 19/10/2020 TO 18/01/2021
RBI VIDE ITS ORDER DATED 19/01/2021, DIRECTED TO CONTINUE DIRECTIONS DATED 18/07/2018 FOR FURTHER THREE MONTHS FROM 19/01/2021 TO 18/04/2021
RBI VIDE ITS ORDER DATED 19/04/2021, EXTENDED DIRECTIONS FOR FURTHER PERIOD OF TWO MONTHS FROM 19/04/2021 TO 18/06/2021
|
|
1508
|
|
|
UNITED CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPERATIONS, BRANCH AUTHORISATION POLICY, OPENING/UP-GRADATION OF EXTENSION COUNTERS, ATMS AND SHIFTING/SPLITTING/CLOSURE OF OFFICES
DID NOT ADHERE TO SECTION 35(2) OF BANKING REGULATION ACT, 1949
|
IMPOSED PENALTY RS.5,00,000 FROM 19-APR-2018
19-APR-2018
|
|
|
1509
|
|
|
UNITED 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 DIRECTIVES/INSTRUCTIONS/GUIDELINES ON SHARE LINKING DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
ALLOWED LIMITS BEYOND EXPOSURE CEILING
DID NOT SUBMIT CTR/STR IN RESPECT OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH
|
IMPOSED PENALTY RS.5,00,000 FROM 15-MAR-2012
15-MAR-2012
|
|
|
1510
|
|
|
UNITED INDIA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL
|
CANCELLED BANKING LICENSE FROM 14-JUL-2023
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 14-JUL-2023
14-JUL-2023
|
|
|
1511
|
|
|
UNITED INDIA CO-OPERATIVE BANK LTD.
|
|
|
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 22-JUL-2022 TO 21-JAN-2023
22-JUL-2022
|
RBI VIDE ITS ORDER DATED 22/01/2023, DIRECTED TO CONTINUE DIRECTIVE DATED 21/07/2022 FOR FURTHER THREE MONTHS FROM 23/01/2023 TO 22/04/2023
RBI VIDE ITS ORDER DATED 21/04/2023, DIRECTED TO CONTINUE DIRECTIVE DATED 21/07/2022 FOR FURTHER THREE MONTHS FROM 23/04/2023 TO 22/07/2023
|
|
1512
|
|
|
UNITED INDIA CO-OPERATIVE BANK LTD.
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
DID NOT INTEND TO PRONOUNCE UPON VALIDITY OF ANY TRANSACTION OR AGREEMENT ENTERED INTO BY BANK WITH ITS CUSTOMERS
|
IMPOSED PENALTY RS.1,00,000 FROM 09-MAR-2022
09-MAR-2022
|
|
|
1513
|
|
|
UNITED INDIA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTION ISSUED BY RBI VIOLATING SECTION 27 READ WITH SECTION 56 OF BANKING REGULATION ACT, 1949
|
IMPOSED PENALTY RS.1,00,000 FROM 10-MAR-2021
10-MAR-2021
|
|
|
1514
|
|
|
UNITED INDIA CO-OPERATIVE 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 INSPECTION REPORT OF RBI
|
IMPOSED PENALTY RS.50,000 FROM 23-MAY-2019
23-MAY-2019
|
|
|
1515
|
|
|
UNITED INDIA CO-OPERATIVE 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 15-JUL-2015
15-JUL-2015
|
RBI VIDE ITS ORDER DATED 12/04/2016, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 15/04/2016 TO 14/10/2016
RBI VIDE ITS ORDER DATED 11/01/2016, EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 15/01/2016 TO 14/04/2016
RBI VIDE ITS ORDER DATED 14/10/2016 WITHDREW ITS DIRECTIONS W.E.F.15/10/2016 ISSUED VIDE ITS ORDER DATED 30/03/2016
|
|
1516
|
|
|
UNITED PURI NIMAPARA CENTRAL 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
|
IMPOSED PENALTY RS.3,00,000 FROM 14-JUL-2026
14-JUL-2026
|
|
|
1517
|
|
|
UNITED PURI NIMAPARA 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
|
IMPOSED PENALTY RS.2,00,000 FROM 21-JUL-2022
21-JUL-2022
|
|
|
1518
|
|
|
UNIVERSAL CO-OPERATIVE URBAN BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.50,000 FROM 09-MAY-2018
09-MAY-2018
|
|
|
1519
|
|
|
UNJHA NAGARIK SAHAKARI BANK LTD.
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDIVIDUAL AND GROUP EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000 FROM 12-APR-2013
12-APR-2013
|
|
|
1520
|
|
|
URAVAKONDA CO-OPERATIVE TOWN BANK LTD.,THE
|
|
|
DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL
|
CANCELLED BANKING LICENSE FROM 19-JUL-2024
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 19-JUL-2024
19-JUL-2024
|
|
|
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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of
82
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