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S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
ABHYUDAYA CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PLACEMENT OF DEPOSITS WITH OTHER BANKS BY PRIMARY (URBAN) CO-OPERATIVE BANKS (UCBS)
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.58,00,000 FROM 05-MAY-2022
05-MAY-2022
|
|
|
2
|
|
|
BASSEIN CATHOLIC CO-OPERATIVE BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
RESTRUCTURED CREDIT FACILITIES WITHOUT ESTABLISHING THE FINANCIAL VIABILITY AND REASONABLE CERTAINTY OF REPAYMENT BY THE BORROWERS
|
IMPOSED PENALTY RS.61,60,000 FROM 28-MAR-2024
28-MAR-2024
|
|
|
3
|
|
|
BHARATI SAHAKARI BANK LTD.
|
|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.20,00,000 FROM 24-MAY-2024
24-MAY-2024
|
|
|
4
|
|
|
CENTRAL CO-OPERATIVE BANK LTD.,THE
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|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.2,00,000 FROM 16-APR-2024
16-APR-2024
|
|
|
5
|
|
|
CHIKKAMAGALURU DISTRICT CO-OPERATIVE CENTRAL BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 28-FEB-2024
28-FEB-2024
|
|
|
6
|
|
|
CHITRADURGA DISTRICT CO-OPERATIVE CENTRAL BANK LTD.,THE
|
|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 16-APR-2024
16-APR-2024
|
|
|
7
|
|
|
DISTRICT CO-OPERATIVE CENTRAL BANK LTD.,THE
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 15-JUL-2024
15-JUL-2024
|
|
|
8
|
|
|
DISTRICT CO-OPERATIVE CENTRAL BANK LTD.,THE
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.10,000 FROM 15-NOV-2023
15-NOV-2023
|
|
|
9
|
|
|
DOMBIVLI NAGARI SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI PERTAINING TO CUSTOMER IDENTIFICATION TO ALLOW TRANSACTIONS IN ACCOUNTS WITHOUT CONFIRMING LOCAL ADDRESS OF CONSTITUENTS
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.45,00,000 FROM 20-JUL-2022
20-JUL-2022
|
|
|
10
|
|
|
GREATER BOMBAY CO-OPERATIVE BANK LTD.,THE
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|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.25,00,000 FROM 12-AUG-2021
12-AUG-2021
|
|
|
11
|
|
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JANATA SAHAKARI BANK LTD.,PUNE
|
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DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.30,00,000 FROM 07-OCT-2021
07-OCT-2021
|
|
|
12
|
|
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JIJAMATA MAHILA SAHAKARI BANK LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.4,00,000 FROM 20-NOV-2023
20-NOV-2023
|
|
|
13
|
|
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JOGINDRA CENTRAL CO-OPERATIVE BANK LTD.
|
|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.3,50,000 FROM 31-MAR-2024
31-MAR-2024
|
|
|
14
|
|
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KALUPUR COMMERCIAL CO-OPERATIVE BANK LTD.,THE
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON INTEREST RATE ON DEPOSITS
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.44,00,000 FROM 09-MAY-2022
09-MAY-2022
|
|
|
15
|
|
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KANCHEEPURAM CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 11-JUN-2024
11-JUN-2024
|
|
|
16
|
|
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NASIK MERCHANT'S CO-OPERATIVE BANK LTD.,THE
|
|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
|
IMPOSED PENALTY RS.48,30,000 FROM 02-NOV-2023
02-NOV-2023
|
|
|
17
|
|
|
NEW INDIA CO-OPERATIVE BANK LTD.
|
|
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DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.25,00,000 FROM 26-AUG-2021
26-AUG-2021
|
RBI VIDE ITS ORDER DATED 01/08/2025 AMALGAMATION OF THE NEW INDIA CO-OPERATIVE BANK LTD. WITH SARASWAT CO-OPERATIVE BANK LTD. WITH EFFECT FROM 04/08/2025
|
|
18
|
|
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NUTAN NAGARIK SAHAKARI BANK LTD.
|
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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 ISSUED BY RBI ON INTEREST RATE ON DEPOSITS
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.90,00,000 FROM 20-MAY-2021
20-MAY-2021
|
|
|
19
|
|
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PRAKASAM DISTRICT CO-OPERATIVE CENTRAL BANK LTD,.THE
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.50,000 FROM 05-JUN-2024
05-JUN-2024
|
|
|
20
|
|
|
SIVAGANGAI DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.25,000 FROM 03-JUL-2024
03-JUL-2024
|
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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