|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1201
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,MAUNATH BHANJAN
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SUPERVISORY UNDER SECTION 36(1) OF BANKING REGULATION ACT, 1949
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 ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
EXPOSED TO UNSECURED LOANS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.3,00,000 FROM 13-MAR-2019
13-MAR-2019
|
|
|
1202
|
|
|
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
|
|
|
1203
|
|
|
UTKAL CO-OPERATIVE BANK LTD.,THE
|
|
|
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 INSTRUCTIONS OF RBI ON SUPERVISORY ACTION FRAMEWORK (SAF)
|
IMPOSED PENALTY RS.15,00,000 FROM 31-JAN-2023
31-JAN-2023
|
|
|
1204
|
|
|
UTTAR PRADESH CO-OPERATIVE BANK LTD.
|
|
|
DID NOT PROVIDE DIRECT LINK TO LODGE COMPLAINTS WITH SPECIFIC OPTION TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS ON HOME PAGE OF WEBSITE
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.28,00,000 FROM 23-JUN-2023
23-JUN-2023
|
|
|
1205
|
|
|
UTTARKASHI ZILA SAHKARI BANK LTD.
|
|
|
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 TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
|
IMPOSED PENALTY RS.2,00,000 FROM 23-AUG-2024
23-AUG-2024
|
|
|
1206
|
|
|
UTTARPARA CO-OPERATIVE BANK LTD.,THE
|
|
|
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 ALLOCATE UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC)
|
IMPOSED PENALTY RS.2,50,000 FROM 26-JUN-2023
26-JUN-2023
|
|
|
1207
|
|
|
UTTARSANDA PEOPLES CO-OPERATIVE BANK LTD.
|
|
|
VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.1,00,000 FROM 23-MAR-2011
23-MAR-2011
|
|
|
1208
|
|
|
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
|
|
|
1209
|
|
|
VADNAGAR NAGARIK SAHAKARI BANK LTD.
|
|
|
GRANTED UNSECURED LOANS TO DIRECTOR AND/OR THEIR PROPRIETORSHIP FIRM
DID NOT PAY INTEREST RATE ON DEPOSITS ACCEPT FROM SENIOR CITIZENS AS PER SCHEDULE OF INTEREST RATES DISCLOSE IN ADVANCE
|
IMPOSED PENALTY RS.2,00,000 FROM 18-SEP-2023
18-SEP-2023
|
|
|
1210
|
|
|
VAIJAPUR MERCHANTS CO-OPERATIVE BANK LTD.,THE
|
|
|
MADE DONATION TO CERTAIN ENTITY AND OFFERED HIGHER INTEREST RATES ON DEPOSITS (FRESH/RENEWAL) THAN THOSE OFFERED BY SBI
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON ROBUST SOFTWARE TO THROW ALERTS AS PART OF EFFECTIVE IDENTIFICATION OF ACCOUNTS, MONITORING AND/OR REPORTING OF SUSPICIOUS TRANSACTIONS
|
IMPOSED PENALTY RS.7,50,000 FROM 21-OCT-2024
21-OCT-2024
|
|
|
1211
|
|
|
VAIJAPUR MERCHANTS CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED FRESH HYPOTHECATION LOAN BEYOND REVISED EXPOSURE LIMIT
|
IMPOSED PENALTY RS.2,50,000 FROM 25-APR-2024
25-APR-2024
|
|
|
1212
|
|
|
VAIJAPUR MERCHANTS CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.4,00,000 FROM 14-FEB-2023
14-FEB-2023
|
|
|
1213
|
|
|
VAISH CO-OPERATIVE ADARSH BANK LTD.,THE
|
|
|
DID NOT ALLOCATE UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC)
|
IMPOSED PENALTY RS.1,00,000 FROM 17-APR-2024
17-APR-2024
|
|
|
1214
|
|
|
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
|
|
|
1215
|
|
|
VAISHYA SAHAKARI 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.5,96,000 FROM 12-DEC-2024
12-DEC-2024
|
|
|
1216
|
|
|
VALSAD MAHILA NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
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 CLASSIFY ACCOUNTS AS INOPERATIVE/DORMANT WHERE NO CUSTOMER INDUCED TRANSACTION OCCURRED FOR TWO YEARS
|
IMPOSED PENALTY RS.1,25,000 FROM 14-AUG-2024
14-AUG-2024
|
|
|
1217
|
|
|
VANIYAMBADI TOWN CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED CREDIT FACILITIES TO SECTORS HAVING HIGH PROPORTION OF NON-PERFORMING ASSETS AND FRESH LOANS & ADVANCES CARRYING RISK WEIGHTS MORE THAN 100% VIOLATING DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)
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 29-SEP-2025
29-SEP-2025
|
|
|
1218
|
|
|
VARACHHA CO-OPERATIVE BANK LTD.THE,
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS & ADVANCES TO DIRECTORS ETC AS SURETY/GUARANTORS CLASSIFICATION OF UCBS
|
IMPOSED PENALTY RS.1,00,000 FROM 16-SEP-2022
16-SEP-2022
|
|
|
1219
|
|
|
VARACHHA CO-OPERATIVE BANK LTD.THE,
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
|
IMPOSED PENALTY RS.1,00,000 FROM 19-JAN-2022
19-JAN-2022
|
|
|
1220
|
|
|
VARDHMAN 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 PLACE APPROPRIATE SYSTEM FOR IDENTIFICATION OF SUSPICIOUS TRANSACTIONS
DID NOT FILE SUSPICIOUS TRANSACTION REPORT (STR)
DID NOT IMPLEMENT RISK CATEGORISATION OF CUSTOMERS
|
IMPOSED PENALTY RS.5,00,000 FROM 05-NOV-2015
05-NOV-2015
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
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