|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1521
|
|
URAVAKONDA CO-OPERATIVE TOWN BANK LTD.,THE
|
|
|
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 24-FEB-2023 TO 23-AUG-2023
24-FEB-2023
|
RBI VIDE ITS ORDER DATED 17/08/2023, DIRECTED TO CONTINUE DIRECTIVE DATED 23/02/2023 FOR FURTHER THREE MONTHS FROM 25/08/2023 TO 24/11/2023
RBI VIDE ITS ORDER DATED 17/11/2023, DIRECTED TO CONTINUE DIRECTIVE DATED 23/02/2023 FOR FURTHER THREE MONTHS FROM 25/11/2023 TO 24/02/2024
RBI VIDE ITS ORDER DATED 20/02/2024, DIRECTED TO CONTINUE DIRECTIVE DATED 23/02/2023 FOR FURTHER THREE MONTHS FROM 25/02/2024 TO 24/05/2024
RBI VIDE ITS ORDER DATED 20/05/2024, DIRECTED TO CONTINUE DIRECTIVE DATED 23/02/2023 FOR FURTHER THREE MONTHS FROM 25/05/2024 TO 24/08/2024
|
|
1522
|
|
|
URAVAKONDA CO-OPERATIVE TOWN 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 SUBMIT VARIOUS RETURNS
DID NOT SUBMIT/WRONGLY SUBMITTED COMPLIANCE REPORT
|
IMPOSED PENALTY RS.2,00,000 FROM 27-NOV-2018
27-NOV-2018
|
|
|
1523
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BASTI
|
|
|
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
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.10,00,000 FROM 17-OCT-2018
17-OCT-2018
|
|
|
1524
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BASTI
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.1,00,000 FROM 26-JUN-2018
26-JUN-2018
|
|
|
1525
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BUDAUN,THE
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
|
IMPOSED PENALTY RS.2,00,000 FROM 07-JUN-2022
07-JUN-2022
|
|
|
1526
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BUDAUN,THE
|
|
|
DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROFESSIONAL DIRECTOR
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 FURNISH ANY CREDIT INFORMATION TO EVEN CREDIT INFORMATION COMPANY (CIC) OF WHICH IT WAS A MEMBER
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI TO CARRY OUT CONCURRENT AUDIT OF INVESTMENT PORTFOLIO
|
IMPOSED PENALTY RS.5,00,000 FROM 01-MAR-2019
01-MAR-2019
|
|
|
1527
|
|
|
URBAN CO-OPERATIVE BANK LTD.,MAINPURI
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION OF INVESTMENTS INTO HTM/AFS/HFT CATEGORIES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,00,000 FROM 29-NOV-2018
29-NOV-2018
|
|
|
1528
|
|
|
URBAN CO-OPERATIVE BANK LTD.,PERINTHALMANNA,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.50,00,000 FROM 11-DEC-2020
11-DEC-2020
|
|
|
1529
|
|
|
URBAN CO-OPERATIVE BANK LTD.,SITAPUR
|
|
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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 06-DEC-2023
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 06-DEC-2023
06-DEC-2023
|
|
|
1530
|
|
|
URBAN CO-OPERATIVE BANK LTD.,SITAPUR
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INVESTMENT BY PRIMARY (URBAN) CO-OPERATIVE BANKS
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 FURNISH ANY CREDIT INFORMATION TO EVEN CREDIT INFORMATION COMPANY (CIC) OF WHICH IT WAS A MEMBER
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,00,000 FROM 25-JAN-2019
25-JAN-2019
|
|
|
1531
|
|
|
URBAN CO-OPERATIVE BANK LTD.,SITAPUR
|
|
|
DID NOT SUBMIT RETURNS U/S 27 OF THE IBID ACT
|
IMPOSED PENALTY RS.5,00,000 FROM 26-MAR-2018
26-MAR-2018
|
|
|
1532
|
|
|
URBAN 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
DID NOT PUBLISH CORRECT INFORMATION OF LOANS OUTSTANDING IN NAME OF DIRECTORS/RELATIVES/FIRMS IN WHICH THEY WERE INTERESTED IN PROFORMA I & II TO RBI
DID NOT FURNISH CORRECT INFORMATION TO INSPECTING OFFICER OF RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 13-JAN-2014
13-JAN-2014
|
|
|
1533
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,BHUBANESHWAR
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 17-FEB-2014
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 17-FEB-2014
PROHIBITED FROM CARRYING ON 'BANKING BUSINESS' INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT FROM 17-FEB-2014
17-FEB-2014
|
|
|
1534
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
|
|
|
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
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.1,50,000 FROM 22-AUG-2024
22-AUG-2024
|
|
|
1535
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
|
|
|
DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
|
IMPOSED PENALTY RS.10,000 FROM 22-SEP-2022
22-SEP-2022
|
|
|
1536
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
|
|
|
OPENED 4 COLLECTION COUNTERS WITHOUT PRIOR APPROVAL OF RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 21-FEB-2011
21-FEB-2011
|
|
|
1537
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,MAUNATH BHANJAN
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SUPERVISORY UNDER SECTION 36(1) OF BANKING REGULATION ACT, 1949
DID NOT FURNISH ANY CREDIT INFORMATION TO EVEN CREDIT INFORMATION COMPANY (CIC) OF WHICH IT WAS A MEMBER
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
EXPOSED TO UNSECURED LOANS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.3,00,000 FROM 13-MAR-2019
13-MAR-2019
|
|
|
1538
|
|
|
UTKAL CO-OPERATIVE BANK LTD.,THE
|
|
|
INCURRED CAPITAL EXPENDITURE WITHOUT PRIOR APPROVAL OF RBI
DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
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.2,53,000 FROM 05-AUG-2025
05-AUG-2025
|
|
|
1539
|
|
|
UTKAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)
|
IMPOSED PENALTY RS.15,00,000 FROM 31-JAN-2023
31-JAN-2023
|
|
|
1540
|
|
|
UTTAR PRADESH CO-OPERATIVE BANK LTD.
|
|
|
DID NOT PROVIDE DIRECT LINK TO LODGE COMPLAINTS WITH SPECIFIC OPTION TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS ON HOME PAGE OF WEBSITE
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.28,00,000 FROM 23-JUN-2023
23-JUN-2023
|
|
|
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
77
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82
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