|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
141
|
|
SBM BANK (INDIA) LTD.
|
|
|
DID NOT ADHERE TO INSTRUCTIONS OF RBI ON MATERIAL SUPERVISORY CONCERNS
|
DIRECTED TO STOP ALL TRANSACTIONS UNDER LIBERALIZED REMITTANCE SCHEME TILL FURTHER ORDERS
23-JAN-2023
|
RBI VIDE ITS PRESS RELEASE DATED 31/01/2023 PARTIALLY RELAXED THE RESTRICTIONS BY ALLOWING ATM/POS TRANSACTION UNDER LRS THROUGH KYC COMPLAINT INTERNATIONALLY ACTIVE DEBIT CARDS ISSUED BY BANK UP TO 15/03/2023 OR UNTIL FURTHER ORDERS
|
|
142
|
|
|
SIKKIM BANK LTD.
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934
|
MERGER WITH ANOTHER BANK
22-DEC-1999
|
|
|
143
|
|
|
SIKKIM BANK LTD.
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934
|
ORDERED OF MORATORIUM
08-MAR-1999
|
|
|
144
|
|
|
SOUTH INDIAN BANK LTD.,THE
|
|
|
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
MARKED LIEN AGAINST CERTAIN NRE (NON-RESIDENT EXTERNAL) SAVINGS DEPOSITS
|
IMPOSED PENALTY RS.59,20,000
08-NOV-2024
|
|
|
145
|
|
|
SOUTH INDIAN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REPORTING OF DATA ON CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LENDING TO NBFCS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON BANK FINANCE TO NBFCS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND ADVANCES–STATUTORY AND OTHER RESTRICTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPERATING GUIDELINES FOR SMALL FINANCE BANKS
|
IMPOSED PENALTY RS.1,00,00,000
06-JUL-2021
|
|
|
146
|
|
|
SOUTH INDIAN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON GUARANTEES AND CO-ACCEPTANCES
|
IMPOSED PENALTY RS.10,00,000
13-JUN-2019
|
|
|
147
|
|
|
SOUTH INDIAN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
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 OF RBI ON TREASURY FUNCTION AND DEFICIENCIES IN ITS COMPLIANCE FUNCTION & COMPLIANCE CULTURE
|
IMPOSED PENALTY RS.5,00,00,000
14-MAY-2018
|
|
|
148
|
|
|
SURYODAY SMALL FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON “RESERVE BANK OF INDIA (FRAUD CLASSIFICATION AND REPORTING BY COMMERCIAL BANKS AND SELECT FIS) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016”
|
IMPOSED PENALTY RS.57,75,000
20-JUL-2022
|
|
|
149
|
|
|
TAMILNAD MERCANTILE BANK LTD.
|
|
|
DID NOT BENCHMARK FLOATING RATE PERSONAL AND/OR RETAIL LOANS AND LOANS TO MSME TO AN EXTERNAL BENCHMARK
ADOPTED MULTIPLE BENCHMARKS WITHIN SAME LOAN CATEGORY
DID NOT PRICE CERTAIN FLOATING RATE LOANS WITH REFERENCE TO ACTUAL BENCHMARK RATE APPLICABLE TO THOSE LOANS
WRONGLY REPORTED EXTERNAL RATING OF CERTAIN BORROWERS TO CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC)
|
IMPOSED PENALTY RS.1,31,80,000
13-MAR-2024
|
|
|
150
|
|
|
TAMILNAD MERCANTILE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON “RESERVE BANK OF INDIA (FRAUD CLASSIFICATION AND REPORTING BY COMMERCIAL BANKS AND SELECT FIS) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016”
|
IMPOSED PENALTY RS.35,00,000
24-OCT-2019
|
|
|
151
|
|
|
TAMILNAD MERCANTILE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DIRECT CREATION OF PAYMENT MESSAGES IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON IMPLEMENTATION OF STRAIGHT THROUGH PROCESSING (STP) BETWEEN CBS/ACCOUNTING SYSTEM AND SWIFT SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI TO ENSURE THAT THE USERS ENTERING/PASSING/AUTHORIZING TRANSACTIONS IN CBS DIFFERENT FROM THOSE OPERATING IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDEPENDENT RECONCILIATION OF LOGS GENERATED FROM SWIFT WITH CORRESPONDING ENTRY PASSED IN CBS/ACCOUNTING SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INTRODUCTION OF ADDITIONAL LAYER OF APPROVAL FOR ALL PAYMENT MESSAGES EXCEEDING PARTICULAR THRESHOLD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NOSTRO RECONCILIATION ON T+1/T+5 BASIS
|
IMPOSED PENALTY RS.1,00,00,000
25-FEB-2019
|
|
|
152
|
|
|
TAMILNAD MERCANTILE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON ISSUANCE OF BONUS SHARES TO NON-RESIDENT ENTITIES
|
IMPOSED PENALTY RS.6,00,00,000
19-JUN-2018
|
|
|
153
|
|
|
TAMILNAD MERCANTILE 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
VIOLATED REGULATIONS OF RBI ON ENSURING END-USE OF BANK'S FUNDS LENT TO BORROWERS
|
IMPOSED PENALTY RS.5,00,000
26-APR-2006
|
|
|
154
|
|
|
UJJIVAN SMALL FINANCE BANK LTD.
|
|
|
DID NOT ISSUE LOAN AGREEMENTS TO CERTAIN BORROWERS AT THE TIME OF SANCTION/ DISBURSEMENT OF LOANS
|
IMPOSED PENALTY RS.6,70,000
10-FEB-2025
|
|
|
155
|
|
|
UNITED WESTERN BANK LTD.,THE
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM
29-AUG-2006
|
MERGED WITH INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. W.E.F. OCTOBER 3,2006
|
|
156
|
|
|
UTKARSH SMALL FINANCE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REPORTING OF DATA ON CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LENDING TO NBFCS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON BANK FINANCE TO NBFCS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND ADVANCES–STATUTORY AND OTHER RESTRICTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPERATING GUIDELINES FOR SMALL FINANCE BANKS
|
IMPOSED PENALTY RS.1,00,00,000
06-JUL-2021
|
|
|
157
|
|
|
YES BANK LTD.
|
|
|
DID NOT DISCLOSE CORRECT AND COMPLETE INFORMATION ABOUT CUSTOMER COMPLAINTS IN ANNUAL FINANCIAL STATEMENTS
|
IMPOSED PENALTY RS.29,60,000
16-MAY-2025
|
|
|
158
|
|
|
YES BANK LTD.
|
|
|
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
OPENED AND OPERATED CERTAIN INTERNAL ACCOUNTS IN THE NAME OF ITS CUSTOMERS FOR UNAUTHORIZED PURPOSES LIKE PARKING FUNDS AND ROUTING CUSTOMER TRANSACTIONS
|
IMPOSED PENALTY RS.91,00,000
17-MAY-2024
|
|
|
159
|
|
|
YES BANK LTD.
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM
05-MAR-2020
|
|
|
160
|
|
|
YES BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DIRECT CREATION OF PAYMENT MESSAGES IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON IMPLEMENTATION OF STRAIGHT THROUGH PROCESSING (STP) BETWEEN CBS/ACCOUNTING SYSTEM AND SWIFT SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI TO ENSURE THAT THE USERS ENTERING/PASSING/AUTHORIZING TRANSACTIONS IN CBS DIFFERENT FROM THOSE OPERATING IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDEPENDENT RECONCILIATION OF LOGS GENERATED FROM SWIFT WITH CORRESPONDING ENTRY PASSED IN CBS/ACCOUNTING SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INTRODUCTION OF ADDITIONAL LAYER OF APPROVAL FOR ALL PAYMENT MESSAGES EXCEEDING PARTICULAR THRESHOLD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NOSTRO RECONCILIATION ON T+1/T+5 BASIS
|
IMPOSED PENALTY RS.1,00,00,000
25-FEB-2019
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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