|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1181
|
|
UNITED INDIA CO-OPERATIVE BANK LTD.
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
DID NOT INTEND TO PRONOUNCE UPON VALIDITY OF ANY TRANSACTION OR AGREEMENT ENTERED INTO BY BANK WITH ITS CUSTOMERS
|
IMPOSED PENALTY RS.1,00,000 FROM 09-MAR-2022
09-MAR-2022
|
|
|
1182
|
|
|
UNITED INDIA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTION ISSUED BY RBI VIOLATING SECTION 27 READ WITH SECTION 56 OF BANKING REGULATION ACT, 1949
|
IMPOSED PENALTY RS.1,00,000 FROM 10-MAR-2021
10-MAR-2021
|
|
|
1183
|
|
|
UNITED INDIA 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 INSPECTION REPORT OF RBI
|
IMPOSED PENALTY RS.50,000 FROM 23-MAY-2019
23-MAY-2019
|
|
|
1184
|
|
|
UNITED PURI NIMAPARA CENTRAL 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.3,00,000 FROM 14-JUL-2026
14-JUL-2026
|
|
|
1185
|
|
|
UNITED PURI NIMAPARA CENTRAL 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.2,00,000 FROM 21-JUL-2022
21-JUL-2022
|
|
|
1186
|
|
|
UNIVERSAL 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.50,000 FROM 09-MAY-2018
09-MAY-2018
|
|
|
1187
|
|
|
UNJHA NAGARIK SAHAKARI BANK LTD.
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDIVIDUAL AND GROUP EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000 FROM 12-APR-2013
12-APR-2013
|
|
|
1188
|
|
|
URAVAKONDA 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
DID NOT SUBMIT VARIOUS RETURNS
DID NOT SUBMIT/WRONGLY SUBMITTED COMPLIANCE REPORT
|
IMPOSED PENALTY RS.2,00,000 FROM 27-NOV-2018
27-NOV-2018
|
|
|
1189
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BASTI
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
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
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.10,00,000 FROM 17-OCT-2018
17-OCT-2018
|
|
|
1190
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BASTI
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
|
IMPOSED PENALTY RS.1,00,000 FROM 26-JUN-2018
26-JUN-2018
|
|
|
1191
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BUDAUN,THE
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
|
IMPOSED PENALTY RS.2,00,000 FROM 07-JUN-2022
07-JUN-2022
|
|
|
1192
|
|
|
URBAN CO-OPERATIVE BANK LTD.,BUDAUN,THE
|
|
|
DID NOT ADHERE TO INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)
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 PROFESSIONAL DIRECTOR
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 FURNISH ANY CREDIT INFORMATION TO EVEN CREDIT INFORMATION COMPANY (CIC) OF WHICH IT WAS A MEMBER
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI TO CARRY OUT CONCURRENT AUDIT OF INVESTMENT PORTFOLIO
|
IMPOSED PENALTY RS.5,00,000 FROM 01-MAR-2019
01-MAR-2019
|
|
|
1193
|
|
|
URBAN CO-OPERATIVE BANK LTD.,MAINPURI
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION OF INVESTMENTS INTO HTM/AFS/HFT CATEGORIES
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 IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,00,000 FROM 29-NOV-2018
29-NOV-2018
|
|
|
1194
|
|
|
URBAN CO-OPERATIVE BANK LTD.,PERINTHALMANNA,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INCOME RECOGNITION AND ASSET CLASSIFICATION (IRAC) NORMS AND FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
|
IMPOSED PENALTY RS.50,00,000 FROM 11-DEC-2020
11-DEC-2020
|
|
|
1195
|
|
|
URBAN CO-OPERATIVE BANK LTD.,SITAPUR
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INVESTMENT BY PRIMARY (URBAN) 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
DID NOT FURNISH ANY CREDIT INFORMATION TO EVEN CREDIT INFORMATION COMPANY (CIC) OF WHICH IT WAS A MEMBER
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,00,000 FROM 25-JAN-2019
25-JAN-2019
|
|
|
1196
|
|
|
URBAN CO-OPERATIVE BANK LTD.,SITAPUR
|
|
|
DID NOT SUBMIT RETURNS U/S 27 OF THE IBID ACT
|
IMPOSED PENALTY RS.5,00,000 FROM 26-MAR-2018
26-MAR-2018
|
|
|
1197
|
|
|
URBAN 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
DID NOT PUBLISH CORRECT INFORMATION OF LOANS OUTSTANDING IN NAME OF DIRECTORS/RELATIVES/FIRMS IN WHICH THEY WERE INTERESTED IN PROFORMA I & II TO RBI
DID NOT FURNISH CORRECT INFORMATION TO INSPECTING OFFICER OF RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 13-JAN-2014
13-JAN-2014
|
|
|
1198
|
|
|
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
|
|
|
1199
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
|
|
|
DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
|
IMPOSED PENALTY RS.10,000 FROM 22-SEP-2022
22-SEP-2022
|
|
|
1200
|
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
|
|
|
OPENED 4 COLLECTION COUNTERS WITHOUT PRIOR APPROVAL OF RBI
|
IMPOSED PENALTY RS.1,00,000 FROM 21-FEB-2011
21-FEB-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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64
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