|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
61
|
|
ASKA CO-OPERATIVE CENTRAL BANK LTD.,THE
|
|
|
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.50,000 FROM 07-AUG-2023
07-AUG-2023
|
|
|
62
|
|
|
ASSAM CO-OPERATIVE APEX BANK LTD.,THE
|
|
|
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.50,000 FROM 01-DEC-2025
01-DEC-2025
|
|
|
63
|
|
|
ASSOCIATE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
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.4,00,000 FROM 19-JAN-2022
19-JAN-2022
|
|
|
64
|
|
|
ATTUR TOWN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON BOARD OF DIRECTORS OF URBAN CO-OPERATIVE BANKS (UCBS) IN RELATION TO DIRECTOR RELATED LOANS
|
IMPOSED PENALTY RS.1,00,000 FROM 02-JAN-2023
02-JAN-2023
|
|
|
65
|
|
|
AURANGABAD DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)
|
IMPOSED PENALTY RS.20,000 FROM 14-MAY-2026
14-MAY-2026
|
|
|
66
|
|
|
AURANGABAD DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
DID NOT SUBMIT DATA TO ANY OF THE FOUR CREDIT INFORMATION COMPANIES (AT MONTHLY AND/OR SHORTLY INTERVALS)
|
IMPOSED PENALTY RS.1,25,000 FROM 22-OCT-2024
22-OCT-2024
|
|
|
67
|
|
|
AURANGABAD DISTRICT INDUSTRIAL & URBAN CO-OPERATIVE 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
DID NOT INTRODUCE CONCURRENT AUDIT SYSTEM
SUBMITTED WRONG/UNSATISFACTORY/DELAYED COMPLIANCE TO RBI INSPECTION REPORT
INDULGED IN CONCENTRATION OF DEPOSITS
|
IMPOSED PENALTY RS.5,00,000 FROM 18-FEB-2014
18-FEB-2014
|
|
|
68
|
|
|
BAGALKOT DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
DELAY IN SUBMISSION OF STATUTORY/OFF-SITE SURVEILLANCE SYSTEM (OSS) RETURNS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.5,50,000 FROM 29-SEP-2025
29-SEP-2025
|
|
|
69
|
|
|
BAGALKOT DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.1,00,000 FROM 25-MAR-2025
25-MAR-2025
|
|
|
70
|
|
|
BAGHAT URBAN CO-OPERATIVE BANK LTD. THE,
|
|
|
DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI UNDER SUPERVISORY ACTION FRAMEWARK
|
IMPOSED PENALTY RS.8,00,000 FROM 27-DEC-2022
27-DEC-2022
|
|
|
71
|
|
|
BAIDYABATI-SHEORAPHULI CO-OP. 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 ON LIMIT OF NON-SLR INVESTMENT, INDIVIDUAL AND GROUP EXPOSURE CEILINGS FOR LENDING OPERATIONS
|
IMPOSED PENALTY RS.1,00,000 FROM 18-JUL-2016
18-JUL-2016
|
|
|
72
|
|
|
BALANGIR DIST.CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DISPOSAL OF NON-BANKING ASSETS
|
IMPOSED PENALTY RS.1,00,000 FROM 29-JUN-2022
29-JUN-2022
|
|
|
73
|
|
|
BALASINOR NAGARIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
|
IMPOSED PENALTY RS.1,00,000 FROM 01-OCT-2021
01-OCT-2021
|
|
|
74
|
|
|
BALASINOR NAGARIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI U/S 36 (1) OF THE BANKING REGULATIONS ACT, 1949
EXCEEDED PRESCRIBED INDIVIDUAL BORROWER EXPOSURE LIMIT
SANCTIONED LOANS ON BULLET REPAYMENT BASIS AGAINST GOLD/SILVER ORNAMENTS BEYOND PRESCRIBED CEILING LIMIT
DID NOT ADHERE TO UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) RELATED DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.2,00,000 FROM 30-OCT-2015
30-OCT-2015
|
|
|
75
|
|
|
BALASORE BHADRAK CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT UPLOAD CREDIT INFORMATION TO CREDIT INFORMATION COMPANIES (CICS)
|
IMPOSED PENALTY RS.50,000 FROM 07-NOV-2023
07-NOV-2023
|
|
|
76
|
|
|
BALITIKURI 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
|
IMPOSED PENALTY RS.1,00,000 FROM 22-SEP-2022
22-SEP-2022
|
|
|
77
|
|
|
BALLY CO-OPERATIVE BANK LTD.
|
|
|
DID NOT DEPOSIT PRESCRIBED AMOUNT TO MSE REFINANCE FUND MAINTAIN WITH SIDBI AGAINST SHORTFALL IN ACHIEVEMENT OF PSL TARGET FOR FY 2022-23 WITHIN PRESCRIBED TIME EVEN AFTER ISSUANCE OF CAUTIONARY LETTER
|
IMPOSED PENALTY RS.1,10,000 FROM 06-NOV-2024
06-NOV-2024
|
|
|
78
|
|
|
BALLY CO-OPERATIVE BANK LTD.
|
|
|
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 07-AUG-2023
07-AUG-2023
|
|
|
79
|
|
|
BANARAS MERCANTILE CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SUPERVISORY UNDER SECTION 36(1) OF BANKING REGULATION ACT, 1949
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
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 13-MAR-2019
13-MAR-2019
|
|
|
80
|
|
|
BANASKANTHA MERCANTILE CO-OPERATIVE 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.5,00,000 FROM 03-JUL-2015
03-JUL-2015
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
4
of
64
|
