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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 29-APR-2025

CO-OPERATIVE BANKS: OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person KARAD URBAN CO-OPERATIVE BANK LTD.
  OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES   IMPOSED PENALTY RS.13,30,000

01-MAR-2024 		 
2
History of entity/person KODUNGALLUR TOWN CO-OPERATIVE BANK LTD.
  DID NOT CLASSIFY CERTAIN LOAN ACCOUNTS AS NON-PERFORMING ASSET IN TERMS OF INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING NORMS

OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES   		IMPOSED PENALTY RS.1,00,000

26-MAR-2025 		 
3
History of entity/person RAJKOT NAGRIK SAHAKARI 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

OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES

LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS   		IMPOSED PENALTY RS.43,30,000

16-APR-2024 		 
4
History of entity/person SULAIMANI CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES

OFFERED FIXED DEPOSITS FOR A MINIMUM TENOR WHICH WAS NOT AS PER THE PRESCRIBED TENOR   		IMPOSED PENALTY RS.2,00,000

10-FEB-2025 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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