|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
ANNASAHEB MAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
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
15-SEP-2023
|
|
|
2
|
|
|
CHEMBUR NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS AND PROVIDING THEM WITH ONE MONTH NOTICE FOR RESTORATION OF MINIMUM BALANCES
|
IMPOSED PENALTY RS.1,00,000
20-NOV-2023
|
|
|
3
|
|
|
GREATER BOMBAY CO-OPERATIVE BANK LTD.,THE
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
|
IMPOSED PENALTY RS.25,00,000
22-MAY-2024
|
|
|
4
|
|
|
JANATA SAHAKARI BANK LTD.,PUNE
|
|
|
DID NOT CLASSIFY CERTAIN LOAN ACCOUNTS AS NON-PERFORMING ASSET IN TERMS OF INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING NORMS
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
|
IMPOSED PENALTY RS.17,50,000
07-JAN-2025
|
|
|
5
|
|
|
RAJARSHI SHAHU SAHAKARI BANK LTD.
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
|
IMPOSED PENALTY RS.1,00,000
16-NOV-2023
|
|
|
6
|
|
|
SANMITRA SAHAKARI BANK LTD.
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
|
IMPOSED PENALTY RS.1,00,000
24-NOV-2023
|
|
|
7
|
|
|
SHREE WARANA SAHAKARI BANK LTD.
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS INSTEAD OF PROPORTIONATE TO THE EXTENT OF SHORTFALL
|
IMPOSED PENALTY RS.1,00,000
22-AUG-2023
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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