|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1121
|
|
SUTEX 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.2,00,000 FROM 16-JUN-2015
16-JUN-2015
|
|
|
1122
|
|
|
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
|
|
|
1123
|
|
|
SUVARNAYUG SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.1,00,000 FROM 27-APR-2023
27-APR-2023
|
|
|
1124
|
|
|
SUVIKAS PEOPLES 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
|
IMPOSED PENALTY RS.1,00,000 FROM 15-APR-2011
15-APR-2011
|
RBI VIDE ITS ORDER DATED 13/10/2023 AMALGAMATED THE SUVIKAS PEOPLE’S CO-OPERATIVE BANK LTD. WITH KALUPUR COMMERCIAL CO-OPERATIVE BANK LTD. W.E.F.16/10/2023
|
|
1125
|
|
|
SVC CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.13,30,000 FROM 19-OCT-2023
19-OCT-2023
|
|
|
1126
|
|
|
SVC CO-OPERATIVE BANK LTD.
|
|
|
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.37,50,000 FROM 28-JUN-2021
28-JUN-2021
|
|
|
1127
|
|
|
SWAMI VIVEKANAND SAHAKARI BANK NIYAMIT
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.1,00,000 FROM 18-DEC-2024
18-DEC-2024
|
|
|
1128
|
|
|
SWARNA BHARATHI SAHAKARA BANK NIYAMITHA
|
|
|
DELAY IN SUBMITTING ACCOUNTS AND BALANCE-SHEET TOGETHER WITH AUDITOR’S REPORT TO RBI
|
IMPOSED PENALTY RS.50,000 FROM 09-MAY-2025
09-MAY-2025
|
|
|
1129
|
|
|
SWARNA BHARATHI SAHAKARA BANK NIYAMITHA
|
|
|
DID NOT ADHERE TO DIRECTIVES PERTAINING TO COLLECTION OF THIRD PARTY ACCOUNT PAYEE CHEQUES
|
IMPOSED PENALTY RS.10,00,000 FROM 25-JUL-2019
25-JUL-2019
|
|
|
1130
|
|
|
SWASAKTHI MERCANTILE CO-OPERATIVE URBAN BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.1,00,000 FROM 26-NOV-2015
26-NOV-2015
|
|
|
1131
|
|
|
TADPATRI CO-OPERATIVE TOWN 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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.2,00,000 FROM 01-MAR-2022
01-MAR-2022
|
|
|
1132
|
|
|
TADPATRI CO-OPERATIVE TOWN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO PROVISIONS OF SECTIONS 6(1)(G) AND 6(1)(K) READ WITH SECTION 56 OF BANKING REGULATION ACT, 1949
|
IMPOSED PENALTY RS.2,00,000 FROM 22-MAR-2019
22-MAR-2019
|
|
|
1133
|
|
|
TADPATRI CO-OPERATIVE TOWN 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
|
IMPOSED PENALTY RS.1,00,000 FROM 25-SEP-2018
25-SEP-2018
|
|
|
1134
|
|
|
TALOD NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO INSTRUCTIONS OF RBI IN RESPECT OF DECLARATION/DISBURSAL OF DIVIDEND TO SHAREHOLDERS
|
IMPOSED PENALTY RS.5,00,000 FROM 24-SEP-2012
24-SEP-2012
|
|
|
1135
|
|
|
TALOD NAGRIK SAHKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS & ADVANCES TO DIRECTORS ETC AS SURETY/GUARANTORS CLASSIFICATION OF UCBS
|
IMPOSED PENALTY RS.25,000 FROM 22-SEP-2022
22-SEP-2022
|
|
|
1136
|
|
|
TAMIL NADU CIRCLE POSTAL CO-OPERATIVE BANK LTD.,THE
|
|
|
OFFERED HIGHER INTEREST RATES ON DEPOSITS HIGHER THAN THOSE OFFERED BY STATE BANK OF INDIA
|
IMPOSED PENALTY RS.50,000 FROM 23-SEP-2025
23-SEP-2025
|
|
|
1137
|
|
|
TAMIL NADU STATE APEX CO-OPERATIVE BANK LTD.
|
|
|
DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON FRAUDS MONITORING AND REPORTING MECHANISM
|
IMPOSED PENALTY RS.16,00,000 FROM 21-APR-2023
21-APR-2023
|
|
|
1138
|
|
|
TAMILNADU CIRCLE POSTAL CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED LOANS AND/OR ADVANCES AGAINST TERM DEPOSITS TO NON-MEMBERS, DESPITE NOT FULFILLING THE CRITERIA FOR FINANCIALLY SOUND AND WELL MANAGED (FSWM) URBAN CO-OPERATIVE BANKS
|
IMPOSED PENALTY RS.50,000 FROM 15-DEC-2025
15-DEC-2025
|
|
|
1139
|
|
|
TAMILNADU CIRCLE POSTAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.50,000 FROM 03-JAN-2025
03-JAN-2025
|
|
|
1140
|
|
|
TEACHERS' CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES PERTAINING TO COLLECTION OF THIRD PARTY ACCOUNT PAYEE CHEQUES
|
IMPOSED PENALTY RS.5,00,000 FROM 09-AUG-2011
09-AUG-2011
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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