|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1521
|
|
VYAVSAYIK SAHKARI 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.1,00,000 FROM 10-DEC-2015
10-DEC-2015
|
|
|
1522
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ALLOCATE UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.4,00,000 FROM 10-AUG-2023
10-AUG-2023
|
|
|
1523
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREDIT INFORMATION COMPANIES (REGULATION) ACT, 2005
|
IMPOSED PENALTY RS.5,000 FROM 08-MAR-2021
08-MAR-2021
|
|
|
1524
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DELAYED/NON-SUBMISSION OF COMPLIANCE TO VARIOUS IRREGULARITIES
DID NOT SUBMIT REPLY TO SHOW CAUSE NOTICE/S
|
IMPOSED PENALTY RS.5,00,000 FROM 24-DEC-2018
24-DEC-2018
|
|
|
1525
|
|
|
WARDHA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD
|
REJECTION OF APPLICATION FOR BANKING LICENSE FROM 15-MAY-2014
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 15-MAY-2014
PROHIBITED FROM CARRYING ON `BANKING BUSINESS` INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT FROM 15-MAY-2014
15-MAY-2014
|
|
|
1526
|
|
|
WASHIM URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
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 06-OCT-2015
06-OCT-2015
|
|
|
1527
|
|
|
YASHWANT CO-OPERATIVE 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 28-MAY-2025 TO 28-NOV-2025
28-MAY-2025
|
RBI VIDE ITS ORDER DATED 26/11/2025, DIRECTED TO CONTINUE DIRECTIVE DATED 28/05/2025 FOR FURTHER THREE MONTHS FROM 29/11/2025 TO 28/02/2026
|
|
1528
|
|
|
YASHWANT 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
SANCTIONED LOANS THAT BREACHED CEILING ON UNSECURED ADVANCES AND EXPOSURE TO INDIVIDUAL MEMBERS AND NOMINAL MEMBERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
|
IMPOSED PENALTY RS.5,00,000 FROM 16-JUL-2024
16-JUL-2024
|
|
|
1529
|
|
|
YASHWANT CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.2,00,000 FROM 22-MAR-2022
22-MAR-2022
|
|
|
1530
|
|
|
YASHWANT CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDIVIDUAL UNSECURED ADVANCES EXPOSURE LIMIT, GROUP BORROWER LIMIT AND SUBMISSION OF COMPLIANCE TO RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 14-JUL-2016
14-JUL-2016
|
|
|
1531
|
|
|
YASHWANT SAHAKARI BANK LTD.,MIRAJ
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 23-JUL-2009
23-JUL-2009
|
|
|
1532
|
|
|
YASHWANT SAHAKARI BANK LTD.,MIRAJ
|
|
|
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 02-FEB-2009
02-FEB-2009
|
|
|
1533
|
|
|
YAVATMAL DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.1,00,000 FROM 15-SEP-2025
15-SEP-2025
|
|
|
1534
|
|
|
YESHWANT NAGARI SAHAKARI 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.1,00,000 FROM 16-MAY-2017
16-MAY-2017
|
|
|
1535
|
|
|
YOUTH DEVELOPMENT CO-OPERATIVE BANK LTD.,THE
|
|
|
ENTERED INTO ONE TIME SETTLEMENT (OTS) SCHEME WITH BORROWERS WITHOUT PRIOR WRITTEN PERMISSION OF RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 14-FEB-2023
14-FEB-2023
|
|
|
1536
|
|
|
YOUTH DEVELOPMENT 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 04-JAN-2019
04-JAN-2019
|
RBI VIDE ITS ORDER DATED 02/07/2019, EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF SIX MONTHS FROM 06/07/2019 TO 05/01/2020
RBI VIDE ITS ORDER DATED 01/01/2020 DIRECTED TO CONTINUE DIRECTIONS DATED 04/01/2016 FOR FURTHER SIX MONTHS FROM 06/01/2020 TO 05/07/2020
RBI VIDE ITS ORDER DATED 19/06/2020 ENHANCED THE LIMIT FOR WITHDRAWAL TO RS.20,000.00 PER DEPOSITOR, INCLUSIVE OF RS.5000.00 ALLOWED
RBI VIDE ITS ORDER DATED 29/06/2020 DIRECTED TO CONTINUE DIRECTIONS DATED 04/01/2019 FOR FURTHER SIX MONTHS FROM 06/07/2020 TO 05/01/2021
RBI VIDE ITS ORDER DATED 04/01/2021 DIRECTED TO CONTINUE DIRECTIONS DATED 04/01/2019 APPLY TO BANK TILL 05/04/2021
RBI VIDE ITS ORDER DATED 05/04/2021 WITHDREW ALL INCLUSIVE DIRECTIONS ISSUED VIDE ITS ORDER DATED 04/01/2019 WITH EFFECT FROM 05/04/2021
|
|
1537
|
|
|
ZILA SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED DEPOSITS TO DEPOSITOR EDUCATION & AWARENESS FUND WITHIN DUE DATE
SANCTIONED LOAN TO A DIRECTOR WHEN IT WAS PROHIBITED
|
IMPOSED PENALTY RS.5,00,000 FROM 30-MAR-2024
30-MAR-2024
|
|
|
1538
|
|
|
ZILA SAHAKARI KENDRIYA BANK MARYADIT
|
|
|
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 03-AUG-2016
03-AUG-2016
|
|
|
1539
|
|
|
ZILA SAHKARI BANK LTD.,MIRZAPUR
|
|
|
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 05-DEC-2024
05-DEC-2024
|
|
|
1540
|
|
|
ZOROASTRIAN CO-OPERATIVE BANK LTD.
|
|
|
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PAYMENT OF INTEREST ON BALANCE AMOUNTS LYING IN CURRENT ACCOUNTS OF DECEASED INDIVIDUAL DEPOSITORS/SOLE PROPRIETORSHIP CONCERNS WHILE MAKING PAYMENTS TO CLAIMANTS
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.43,30,000 FROM 06-FEB-2024
06-FEB-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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|
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