|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
141
|
|
SYNDICATE BANK
|
|
|
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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RISK CATEGORIZATION OF ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS TO FILE STRS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF FEMA
|
IMPOSED PENALTY RS.3,00,00,000 FROM 27-JUL-2016
27-JUL-2016
|
|
|
142
|
|
|
TAMILNAD MERCANTILE BANK LTD.
|
|
|
DELAY IN REPORTING CYBER SECURITY INCIDENT
|
IMPOSED PENALTY RS.1,00,00,000 FROM 20-MAY-2021
20-MAY-2021
|
|
|
143
|
|
|
UCO BANK
|
|
|
DID NOT BENCHMARK FLOATING RATE PERSONAL AND/OR RETAIL LOANS AND LOANS TO MSME TO AN EXTERNAL BENCHMARK
OPENED CERTAIN CURRENT ACCOUNTS OF NON-CONSTITUENT BORROWERS WHOSE EXPOSURE TO BANKING SYSTEM WAS RS.5 CRORE OR MORE
OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES
MARKED LIEN AGAINST CERTAIN NRE (NON-RESIDENT EXTERNAL) SAVINGS DEPOSITS
DID NOT TRANSFER UNCLAIMED BALANCES IN CERTAIN FIXED DEPOSITS, WHICH REMAINED UNCLAIMED FOR MORE THAN TEN YEARS TO DEPOSITORS EDUCATION AND AWARENESS FUND WITHIN THREE MONTHS FROM EXPIRY OF THE SAID PERIOD OF TEN YEARS
DID NOT REPORT CERTAIN CASES OF FRAUD TO LAW ENFORCEMENT AGENCIES
|
IMPOSED PENALTY RS.2,68,30,000 FROM 26-AUG-2024
26-AUG-2024
|
|
|
144
|
|
|
UCO BANK
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
|
IMPOSED PENALTY RS.1,00,00,000 FROM 31-JUL-2019
31-JUL-2019
|
|
|
145
|
|
|
UCO BANK
|
|
|
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 ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI FOR OPENING OF CURRENT ACCOUNTS
|
IMPOSED PENALTY RS.50,00,000 FROM 25-JUN-2019
25-JUN-2019
|
|
|
146
|
|
|
UCO BANK
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DIRECT CREATION OF PAYMENT MESSAGES IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON IMPLEMENTATION OF STRAIGHT THROUGH PROCESSING (STP) BETWEEN CBS/ACCOUNTING SYSTEM AND SWIFT SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI TO ENSURE THAT THE USERS ENTERING/PASSING/AUTHORIZING TRANSACTIONS IN CBS DIFFERENT FROM THOSE OPERATING IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDEPENDENT RECONCILIATION OF LOGS GENERATED FROM SWIFT WITH CORRESPONDING ENTRY PASSED IN CBS/ACCOUNTING SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INTRODUCTION OF ADDITIONAL LAYER OF APPROVAL FOR ALL PAYMENT MESSAGES EXCEEDING PARTICULAR THRESHOLD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NOSTRO RECONCILIATION ON T+1/T+5 BASIS
|
IMPOSED PENALTY RS.3,00,00,000 FROM 25-FEB-2019
25-FEB-2019
|
|
|
147
|
|
|
UCO BANK
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
DID NOT ADHERE TO DIRECTIVES PERTAINING TO COLLECTION OF THIRD PARTY ACCOUNT PAYEE CHEQUES
|
IMPOSED PENALTY RS.2,00,00,000 FROM 29-JAN-2019
29-JAN-2019
|
|
|
148
|
|
|
UCO BANK
|
|
|
OPENED CURRENT ACCOUNT AND PROVIDED BILL DISCOUNTING FACILITIES TO ACCOUNT HOLDERS WITHOUT HAVING ANY BORROWING FACILITY WITH THE BANK RESULTING IN SIPHONING OF FUNDS
DID NOT OBTAIN NO OBJECTION CERTIFICATE (NOC) FROM BANKS WHICH HAD SANCTIONED REGULAR CREDIT FACILITIES TO BENEFICIARIES
|
IMPOSED PENALTY RS.1,00,00,000 FROM 28-JUL-2016
28-JUL-2016
|
|
|
149
|
|
|
UCO BANK
|
|
|
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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RISK CATEGORIZATION OF ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS ON MONITORING OF TRANSACTIONS IN CUSTOMER ACCOUNTS
DID NOT ADHERE TO INSTRUCTIONS TO FILE STRS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF FEMA
|
IMPOSED PENALTY RS.2,00,00,000 FROM 27-JUL-2016
27-JUL-2016
|
|
|
150
|
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
OBTAINED COLLATERAL SECURITY FOR AGRICULTURAL LOANS UPTO RS.1.60 LAC IN CERTAIN CASES
|
IMPOSED PENALTY RS.63,60,000 FROM 23-MAY-2025
23-MAY-2025
|
|
|
151
|
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ENSURE INTEGRITY AND QUALITY OF DATA SUBMITTED TO CRILC
DID NOT DO RISK CATEGORISATION OF ITS CUSTOMERS
|
IMPOSED PENALTY RS.1,06,40,000 FROM 06-AUG-2024
06-AUG-2024
|
|
|
152
|
|
|
UNION BANK OF INDIA
|
|
|
SANCTIONED TERM LOAN TO A CORPORATION (I) IN LIEU OF OR TO SUBSTITUTE BUDGETARY RESOURCES ENVISAGED FOR CERTAIN PROJECTS (II) WITHOUT UNDERTAKING DUE DILIGENCE ON THE VIABILITY AND BANKABILITY OF THE PROJECTS TO ENSURE THAT REVENUE STREAMS FROM THE PROJECTS WERE SUFFICIENT TO TAKE CARE OF THE DEBT SERVICING OBLIGATIONS AND (III) THE REPAYMENT/SERVICING OF WHICH WAS MADE OUT OF BUDGETARY RESOURCES
|
IMPOSED PENALTY RS.1,00,00,000 FROM 03-OCT-2023
03-OCT-2023
|
|
|
153
|
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON “RESERVE BANK OF INDIA (FRAUD CLASSIFICATION AND REPORTING BY COMMERCIAL BANKS AND SELECT FIS) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2016”
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SALE OF STRESSED ASSETS BY BANKS
|
IMPOSED PENALTY RS.1,00,00,000 FROM 25-NOV-2021
25-NOV-2021
|
|
|
154
|
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ADHERE TO CODE OF CONDUCT FOR OPENING AND OPERATING CURRENT ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DISCOUNTING/REDISCOUNTING OF BILLS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON END USE OF FUNDS-MONITORING AND DEPOSITS ON BALANCE SHEET DATE
|
IMPOSED PENALTY RS.1,50,00,000 FROM 31-JUL-2019
31-JUL-2019
|
|
|
155
|
|
|
UNION BANK OF INDIA
|
|
|
DELAY IN REPORTING CYBER SECURITY INCIDENT
|
IMPOSED PENALTY RS.10,00,000 FROM 09-JUL-2019
09-JUL-2019
|
|
|
156
|
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DIRECT CREATION OF PAYMENT MESSAGES IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON IMPLEMENTATION OF STRAIGHT THROUGH PROCESSING (STP) BETWEEN CBS/ACCOUNTING SYSTEM AND SWIFT SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI TO ENSURE THAT THE USERS ENTERING/PASSING/AUTHORIZING TRANSACTIONS IN CBS DIFFERENT FROM THOSE OPERATING IN SWIFT ENVIRONMENT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INDEPENDENT RECONCILIATION OF LOGS GENERATED FROM SWIFT WITH CORRESPONDING ENTRY PASSED IN CBS/ACCOUNTING SYSTEM
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INTRODUCTION OF ADDITIONAL LAYER OF APPROVAL FOR ALL PAYMENT MESSAGES EXCEEDING PARTICULAR THRESHOLD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NOSTRO RECONCILIATION ON T+1/T+5 BASIS
|
IMPOSED PENALTY RS.3,00,00,000 FROM 25-FEB-2019
25-FEB-2019
|
|
|
157
|
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MONITORING OF END USE OF FUNDS
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXCHANGE OF INFORMATION WITH OTHER BANKS
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON RESTRUCTURING OF ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
|
IMPOSED PENALTY RS.1,00,00,000 FROM 31-JAN-2019
31-JAN-2019
|
|
|
158
|
|
|
UNION BANK OF INDIA
|
|
|
DELAYED DETECTING & REPORTING OF FRAUD IN ACCOUNTS
|
IMPOSED PENALTY RS.1,00,00,000 FROM 30-AUG-2018
30-AUG-2018
|
|
|
159
|
|
|
UNION BANK OF INDIA
|
|
|
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.3,00,00,000 FROM 26-JUL-2017
26-JUL-2017
|
|
|
160
|
|
|
UNITED BANK OF INDIA
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CLASSIFICATION AND REPORTING OF FRAUDS
|
IMPOSED PENALTY RS.1,00,00,000 FROM 31-JUL-2019
31-JUL-2019
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
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