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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
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1
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BHABHAR VIBHAG NAGARIK SAHAKARI BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 25-MAR-2011
25-MAR-2011
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2
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BOTAD PEOPLES CO-OPERATIVE BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 15-APR-2011
15-APR-2011
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3
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CKP CO-OPERATIVE BANK LTD.,THE
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VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI FOR CONDUCTING BANKING BUSINESS
VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
FINANCED BORROWERS OUTSIDE AREA OF OPERATIONS
EXCEEDED EXPOSURE TO HOUSING AND REAL ESTATE SECTORS
EXTENDED LOANS TO ITS DIRECTORS AND/OR RELATIVE OF THE DIRECTORS
ISSUED BANK GUARANTEE TO ENTITY NOT BANKING WITH THE BANK
SANCTIONED OVERDRAFT AGAINST THIRD PARTY FIXED DEPOSITS TO ONE OF ITS DIRECTORS
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IMPOSED PENALTY RS.5,00,000 FROM 27-NOV-2012
27-NOV-2012
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4
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GANDEVI PEOPLE'S CO-OPERATIVE BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 09-MAY-2011
09-MAY-2011
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5
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GHOGHAMBA VIBHAG NAGARIK SAHAKARI BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 04-FEB-2011
04-FEB-2011
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6
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GONDAL NAGARIK SAHAKARI BANK LTD.,THE
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SUBMITTED INACCURATE INFORMATION TO RESERVE BANK OF INDIA REGARDING CREDIT FACILITIES TO DIRECTORS AND RELATIVES
VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.5,00,000 FROM 22-DEC-2011
22-DEC-2011
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7
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GUJARAT MERCANTILE CO-OPERATIVE BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 05-AUG-2011
05-AUG-2011
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8
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JAMNAGAR PEOPLE'S CO-OPERATIVE BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 04-APR-2011
04-APR-2011
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9
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JANATA CO-OPERATIVE BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 04-FEB-2011
04-FEB-2011
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10
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MANSA NAGRIK SAHAKARI BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 28-SEP-2011
28-SEP-2011
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11
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NAGRIK SAHAKARI BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GRANTING UNSECURED CREDIT FACILITIES
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IMPOSED PENALTY RS.1,00,000 FROM 28-MAR-2011
28-MAR-2011
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12
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PADRA NAGAR NAGRIK SAHAKARI BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 17-JUN-2011
17-JUN-2011
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13
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PATDI NAGRIK SAHAKARI BANK LTD.,THE
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DID NOT SUBMIT CTR/STR IN RESPECT OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH
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 INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 28-MAR-2011
28-MAR-2011
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14
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PIJ PEOPLE'S CO-OPERATIVE BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 16-JUN-2011
16-JUN-2011
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15
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PRAGATI SAHAKARI BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
ALLOWED LIMITS BEYOND EXPOSURE CEILING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON SHARE LINKING DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 11-JUL-2011
11-JUL-2011
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16
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RANDER PEOPLE'S CO-OPERATIVE BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 11-APR-2011
11-APR-2011
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17
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SALAL SARVODAYA NAGRIK SAHAKARI BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.2,00,000 FROM 13-APR-2011
13-APR-2011
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18
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SANKHEDA NAGARIK SAHAKARI BANK LTD.,THE
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 08-SEP-2011
08-SEP-2011
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19
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SATHAMBA PEOPLE'S CO-OPERATIVE BANK LTD.
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DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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 29-MAR-2011
29-MAR-2011
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20
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SHREE BHARAT CO-OPERATIVE BANK LTD.
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VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.1,00,000 FROM 07-APR-2011
07-APR-2011
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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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