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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2026

CO-OPERATIVE BANKS: 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

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
61
History of entity/person JAIN SAHAKARI BANK LTD.,THE
  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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES   		IMPOSED PENALTY RS.1,00,000 FROM 19-OCT-2011

19-OCT-2011 		 
62
History of entity/person JALGAON DISTRICT CENTRAL CO-OPERATIVE BANK,THE
  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.1,50,000 FROM 14-FEB-2023

14-FEB-2023 		 
63
History of entity/person JAMIA COOPERATIVE 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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES

GRANTED LOANS TO INDIVIDUALS AND DIVERSION OF AMOUNT THEREOF TO CONCERNS IN WHICH DIRECTORS WERE INTERESTED

DIRECTORS INVOLVED IN DAY-TO-DAY AFFAIRS OF THE BANK   		IMPOSED PENALTY RS.2,00,000 FROM 10-SEP-2013

10-SEP-2013 		 
64
History of entity/person JANATHA SEVA CO-OPERATIVE 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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES   		IMPOSED PENALTY RS.5,00,000 FROM 16-DEC-2011

16-DEC-2011 		 
65
History of entity/person JANSEVA SAHAKARI 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   IMPOSED PENALTY RS.2,00,000 FROM 23-JUN-2021

23-JUN-2021 		 
66
History of entity/person JIJAU COMMERCIAL CO-OPERATIVE BANK LTD.
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS

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.1,25,000 FROM 05-DEC-2022

05-DEC-2022 		 
67
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,CHHATARPUR
  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 15-SEP-2021

15-SEP-2021 		 
68
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,CHHINDWARA
  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 REPORT GRANT OF LOANS/ADVANCES/ANY OTHER FINANCIAL ACCOMMODATION TO RELATIVES OF ITS DIRECTORS IN OSS-6 RETURNS TO RBI

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.1,00,000 FROM 05-AUG-2022

05-AUG-2022 		 
69
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,GUNA
  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 DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014   		IMPOSED PENALTY RS.1,00,000 FROM 16-SEP-2021

16-SEP-2021 		 
70
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,GWALIOR
  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.10,000 FROM 11-FEB-2022

11-FEB-2022 		 
71
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,JABALPUR
  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 15-DEC-2021

15-DEC-2021 		 
72
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,MORENA
  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.50,000 FROM 02-JUN-2022

02-JUN-2022 		 
73
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,PANNA
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014

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 24-FEB-2022

24-FEB-2022 		 
74
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,RAJGARH
  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.50,000 FROM 15-DEC-2021

15-DEC-2021 		 
75
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,RAJNANDGAON
  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 ON SPECIFYING THE EXTENT AND CONDITIONS SUBJECT TO WHICH CO-OPERATIVE BANKS PERMITTED TO HOLD SHARES IN ANY OTHER CO-OPERATIVE SOCIETY   		IMPOSED PENALTY RS.3,00,000 FROM 22-JUL-2022

22-JUL-2022 		 
76
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,SAGAR
  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.50,000 FROM 19-APR-2021

19-APR-2021 		 
77
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,SHAHDOL
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014

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 06-APR-2022

06-APR-2022 		 
78
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,SHIVPURI
  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 PROVISIONS OF RBI ACT, 1949   		IMPOSED PENALTY RS.1,00,000 FROM 11-FEB-2022

11-FEB-2022 		 
79
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,SIDHI
  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 ON SPECIFYING THE EXTENT AND CONDITIONS SUBJECT TO WHICH CO-OPERATIVE BANKS PERMITTED TO HOLD SHARES IN ANY OTHER CO-OPERATIVE SOCIETY   		IMPOSED PENALTY RS.75,000 FROM 16-JUN-2022

16-JUN-2022 		 
80
History of entity/person JILA SAHAKARI KENDRIYA BANK MARYADIT,TIKAMGARH
  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.50,000 FROM 14-FEB-2023

14-FEB-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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