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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
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REGULATORY ACTION(S) / DATE OF ORDER
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FURTHER DEVELOPMENTS
|
|
1
|
|
KULITHALAI CO-OPERATIVE URBAN BANK LTD.,THE
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
SANCTIONED LOANS BEYOND ELIGIBLE SINGLE BORROWER EXPOSURE LIMIT
SANCTIONED FRESH LOANS AND ADVANCES OTHER THAN LOANS AGAINST COLLATERAL SECURITY OF TERM DEPOSITS/NSCS/KVPS/INSURANCE POLICIES VIOLATING SAF DIRECTIONS
ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS LAST
ASSESSED CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING BELOW 9%
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IMPOSED PENALTY RS.1,00,000
04-DEC-2024
|
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|
2
|
|
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MAHABALESHWAR URBAN CO-OPERATIVE BANK LTD.THE,
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
SANCTIONED FRESH LOANS AND ADVANCES AND ALLOWED CASH CREDIT FACILITIES TO BE OVERDRAWN VIOLATING SPECIFIC DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAINTENANCE OF DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.2,00,000
02-AUG-2023
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3
|
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PERIYAKULAM CO-OPERATIVE URBAN BANK LTD.,THE
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SANCTIONED LOANS BEYOND ELIGIBLE SINGLE BORROWER EXPOSURE LIMIT
OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS LAST
ASSESSED CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING BELOW 9%
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SHARE LINKING NORMS IN RESPECT OF JEWEL LOANS
|
IMPOSED PENALTY RS.2,00,000
25-NOV-2024
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4
|
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PUSAD URBAN CO-OPERATIVE BANK LTD.,THE
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
|
IMPOSED PENALTY RS.2,50,000
28-JUN-2024
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5
|
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UNITED MERCANTILE URBAN CO-OPERATIVE BANK LTD.
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
|
IMPOSED PENALTY RS.3,00,000
30-MAR-2024
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6
|
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URBAN CO-OPERATIVE BANK LTD.,BUDAUN,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
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IMPOSED PENALTY RS.7,00,000
14-MAY-2024
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7
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URBAN CO-OPERATIVE BANK LTD.,THE,MAUNATH BHANJAN
|
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OFFERED INTEREST RATES ON DEPOSITS FOR VARIOUS DURATIONS HIGHER THAN THAT OFFERED BY STATE BANK OF INDIA IN NON-COMPLIANCE WITH THE SAF DIRECTIONS
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IMPOSED PENALTY RS.5,00,000
29-MAR-2024
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The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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