|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
81
|
|
ROHIKA CENTRAL CO-OPERATIVE 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.1,50,000 FROM 26-JUN-2024
26-JUN-2024
|
|
|
82
|
|
|
SAHAYADRI SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND
OFFERED INTEREST RATES ON CERTAIN DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THOSE OFFERED BY SBI IN NON-COMPLIANCE WITH SAF DIRECTIONS
DID NOT ADHERE TO “KNOW YOUR CUSTOMER” DIRECTIVES/INSTRUCTIONS/GUIDELINES IN OPENING AND/OR OPERATING THE ACCOUNTS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS AND PROVIDING THEM WITH ONE MONTH NOTICE FOR RESTORATION OF MINIMUM BALANCES
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.6,00,000 FROM 15-SEP-2023
15-SEP-2023
|
|
|
83
|
|
|
SAIBABA NAGARI SAHAKARI BANK LTD.
|
|
|
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
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 24-JUN-2025
24-JUN-2025
|
|
|
84
|
|
|
SARVODAYA COMMERCIAL CO-OPERATIVE BANK LTD.
|
|
|
MADE DONATIONS TO TRUSTS IN EXCESS OF PRESCRIBED REGULATORY CEILING
DID NOT PRESENT TRUE AND FAIR PICTURE OF ITS PROFITS & ASSETS IN PROFIT & LOSS STATEMENT AND BALANCE SHEET RESPECTIVELY
CONDUCTED CONCURRENT AUDIT MONTHLY INSTEAD OF CONDUCTING SIMULTANEOUS CHECK OF THE TRANSACTIONS AND DELAY IN SUBMISSION OF REPORTS
DID NOT CATEGORISE CERTAIN NON-PERFORMING ASSETS (NPAS) IN APPROPRIATE NPA SUB-CATEGORY
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.5,00,000 FROM 08-AUG-2025
08-AUG-2025
|
|
|
85
|
|
|
SATHAMBA PEOPLE'S CO-OPERATIVE 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 05-NOV-2024
05-NOV-2024
|
|
|
86
|
|
|
SHREE BHARAT CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON REQUIREMENTS ON IS AUDIT AND INTERNAL AUDIT COMPLIANCE
DID NOT PLACE A SYSTEM TO IDENTIFY NON-PERFORMING ASSETS (NPAS) ON ONGOING BASIS AND CLASSIFY CERTAIN LOANS AND ADVANCES AS NPAS
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.2,50,000 FROM 08-AUG-2025
08-AUG-2025
|
|
|
87
|
|
|
SHREE CHHANI NAGARIK SAHAKARI 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
DID NOT PROVIDE 24X7 ACCESS THROUGH MULTIPLE CHANNELS TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS THAT HAD TAKEN PLACE AND/OR LOSS OR THEFT OF PAYMENT INSTRUMENT SUCH AS CARD ETC.
DID NOT IMPLEMENT CERTAIN BASIC CYBER SECURITY CONTROL MEASURES AND REQUIREMENTS UNDER CYBER SECURITY FRAMEWORK PRESCRIBED BY RBI
|
IMPOSED PENALTY RS.4,00,000 FROM 30-JUN-2025
30-JUN-2025
|
|
|
88
|
|
|
SHREE LAXMI 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
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
DID NOT CONDUCT ANNUAL REVIEW OF ACCOUNTS HAVING NO CUSTOMER INDUCED TRANSACTIONS FOR MORE THAN ONE YEAR
|
IMPOSED PENALTY RS.2,00,000 FROM 22-MAY-2026
22-MAY-2026
|
|
|
89
|
|
|
SHREEJI BHATIA CO-OPERATIVE BANK LTD.
|
|
|
INCURRED CAPITAL EXPENDITURE WITHOUT PRIOR APPROVAL OF 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 03-JUL-2023
03-JUL-2023
|
|
|
90
|
|
|
SHRI GANESH SAHAKARI BANK LTD.
|
|
|
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 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 03-APR-2025
03-APR-2025
|
|
|
91
|
|
|
SHRI LAXMI SAHAKARI 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 29-MAY-2023
29-MAY-2023
|
|
|
92
|
|
|
SMRITI NAGRIK SAHAKARI BANK MARYADIT,MANDSAUR
|
|
|
DID NOT IMPLEMENT CERTAIN CYBER SECURITY CONTROLS UNDER COMPREHENSIVE CYBER SECURITY FRAMEWORK PRESCRIBED BY 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.2,50,000 FROM 23-JUL-2025
23-JUL-2025
|
|
|
93
|
|
|
SOLAPUR SIDDHESHWAR SAHAKARI 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.1,50,000 FROM 22-JUN-2023
22-JUN-2023
|
|
|
94
|
|
|
SUVARNAYUG SAHAKARI 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.2,00,000 FROM 05-AUG-2024
05-AUG-2024
|
|
|
95
|
|
|
TEXTILE TRADERS CO-OPERATIVE BANK LTD.
|
|
|
DID NOT PAY ELIGIBLE INTEREST AT THE TIME OF REPAYMENT ON TERM DEPOSITS MATURING ON SUNDAY/HOLIDAY/NON-BUSINESS WORKING DAY AND PAID ON SUCCEEDING WORKING DAYS
DID NOT PAY INTEREST ON BALANCES LYING IN CURRENT ACCOUNT STANDING IN NAME OF DECEASED INDIVIDUAL DEPOSITORS OR SOLE PROPRIETORSHIP CONCERNS
DID NOT PAY INTEREST ON DEPOSITS WITHDRAWN BEFORE MATURITY FOR THE PERIOD DEPOSITS REMAINED WITH THE BANK
DID NOT PROVIDE 24X7 ACCESS THROUGH MULTIPLE CHANNELS TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS THAT HAD TAKEN PLACE AND/OR LOSS OR THEFT OF PAYMENT INSTRUMENT SUCH AS CARD ETC.
DID NOT UNDERTAKE ONGOING CUSTOMER DUE DILIGENCE AND PUT INTO USE ROBUST SOFTWARE FOR GENERATING ALERTS WHEN TRANSACTIONS WERE INCONSISTENT WITH CUSTOMER PROFILE
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.4,50,000 FROM 19-JUN-2023
19-JUN-2023
|
|
|
96
|
|
|
THANE DISTRICT CENTRAL CO-OPERATIVE 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.2,10,000 FROM 14-JUL-2025
14-JUL-2025
|
|
|
97
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
|
|
|
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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,50,000 FROM 22-AUG-2024
22-AUG-2024
|
|
|
98
|
|
|
UTKAL CO-OPERATIVE BANK LTD.,THE
|
|
|
INCURRED CAPITAL EXPENDITURE WITHOUT PRIOR APPROVAL OF RBI
DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
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.2,53,000 FROM 05-AUG-2025
05-AUG-2025
|
|
|
99
|
|
|
VADALI NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
SANCTIONED SECURED AND/OR UNSECURED LOANS/ADVANCES TO INDIVIDUALS WHEREIN DIRECTORS OF BANK STOOD AS GUARANTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
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.2,00,000 FROM 28-JAN-2025
28-JAN-2025
|
|
|
100
|
|
|
VAISHALI DISTRICT CENTRAL CO-OPERATIVE 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.1,00,000 FROM 11-JUL-2024
11-JUL-2024
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
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