|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
141
|
|
RBL BANK LTD.
|
|
|
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
DID NOT ADHERE TO DIRECTIVES ON COMPOSITION OF BOARD OF DIRECTORS VIOLATING SECTION 10A(2)(B) OF RBI ACT.
|
IMPOSED PENALTY RS.2,00,00,000 FROM 27-SEP-2021
27-SEP-2021
|
|
|
142
|
|
|
RBL 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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RISK CATEGORIZATION OF ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS TO FILE STRS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF FEMA
|
IMPOSED PENALTY RS.1,00,00,000 FROM 27-JUL-2016
27-JUL-2016
|
|
|
143
|
|
|
SBI COMMERCIAL & INTERNATIONAL 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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON IPO FINANCING
|
IMPOSED PENALTY RS.10,00,000 FROM 25-APR-2007
25-APR-2007
|
|
|
144
|
|
|
SBM BANK (INDIA) LTD.
|
|
|
ENGAGED BUSINESS CORRESPONDENTS FOR ESTABLISHING ACCOUNT-BASED RELATIONSHIP WITH CUSTOMERS FROM CERTAIN REGIONS, NOT ACCEDED BY RBI
|
IMPOSED PENALTY RS.88,70,000 FROM 10-APR-2024
10-APR-2024
|
|
|
145
|
|
|
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 FROM 23-JAN-2023 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
|
|
146
|
|
|
SIKKIM BANK LTD.
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934
|
MERGER WITH ANOTHER BANK FROM 22-DEC-1999
22-DEC-1999
|
|
|
147
|
|
|
SIKKIM BANK LTD.
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934
|
ORDERED OF MORATORIUM FROM 08-MAR-1999 TO 03-MAR-2000
08-MAR-1999
|
|
|
148
|
|
|
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 FROM 08-NOV-2024
08-NOV-2024
|
|
|
149
|
|
|
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 FROM 06-JUL-2021
06-JUL-2021
|
|
|
150
|
|
|
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 FROM 13-JUN-2019
13-JUN-2019
|
|
|
151
|
|
|
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 FROM 14-MAY-2018
14-MAY-2018
|
|
|
152
|
|
|
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 FROM 20-JUL-2022
20-JUL-2022
|
|
|
153
|
|
|
TAMILNAD MERCANTILE BANK LTD.
|
|
|
INDIRECTLY IMPOSED CHARGES ON BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNT HOLDERS FOR MAKING PAYMENT USING UNIFIED PAYMENTS INTERFACE (UPI)
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.39,60,000 FROM 13-NOV-2025
13-NOV-2025
|
|
|
154
|
|
|
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 FROM 13-MAR-2024
13-MAR-2024
|
|
|
155
|
|
|
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 FROM 24-OCT-2019
24-OCT-2019
|
|
|
156
|
|
|
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 FROM 25-FEB-2019
25-FEB-2019
|
|
|
157
|
|
|
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 FROM 19-JUN-2018
19-JUN-2018
|
|
|
158
|
|
|
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 FROM 26-APR-2006
26-APR-2006
|
|
|
159
|
|
|
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 FROM 10-FEB-2025
10-FEB-2025
|
|
|
160
|
|
|
UNITED WESTERN BANK LTD.,THE
|
|
|
EXTREMELY UNSATISFACTORY FINANCIAL POSITION
|
ORDERED OF MORATORIUM FROM 29-AUG-2006 TO 01-DEC-2006
29-AUG-2006
|
MERGED WITH INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. W.E.F. OCTOBER 3,2006
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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