|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1561
|
|
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
|
|
|
1562
|
|
|
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
|
|
1563
|
|
|
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
|
|
|
1564
|
|
|
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
|
|
|
1565
|
|
|
ZILA SAHKARI BANK LTD.,KANPUR
|
|
|
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.3,00,000 FROM 30-JAN-2026
30-JAN-2026
|
|
|
1566
|
|
|
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
|
|
|
1567
|
|
|
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
|
|
|
1568
|
|
|
ZOROASTRIAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DISCOUNTING/REDISCOUNTING OF BILLS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PERIOD OF PRESERVATION OF RECORDS RULES, 1985
|
IMPOSED PENALTY RS.1,25,00,000 FROM 23-NOV-2022
23-NOV-2022
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
79
of
79
|
