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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: DID NOT ADHERE TO INSPECTION REPORT OF RBI

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person KUTCH MERCANTILE CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO INSPECTION REPORT OF RBI

DID NOT PUBLISH ANNUAL ACCOUNTS FOR POSITION

DID NOT COMPLETE RISK CATEGORIZATION AND UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) OF ITS CUSTOMERS

DID NOT ADHERE TO VARIOUS DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI RELATING TO ISSUANCE OF DEMAND DRAFT/PAY ORDER   		IMPOSED PENALTY RS.5,00,000

11-JUN-2015 		 
2
History of entity/person TRANSPORT 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

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREDIT EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES ON LOANS & ADVANCES   		IMPOSED PENALTY RS.5,00,000

16-MAR-2017 		 
3
History of entity/person 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

23-MAY-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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