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S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
ABASAHEB PATIL RENDAL SAHAKARI BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
|
IMPOSED PENALTY RS.1,00,000
04-JUL-2024
|
|
|
2
|
|
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ADARSH MAHILA CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS
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
|
IMPOSED PENALTY RS.5,00,000
23-FEB-2024
|
|
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3
|
|
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DR.PANJABRAO DESHMUKH URBAN CO-OPERATIVE BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
SANCTIONED LOANS ON BULLET REPAYMENT BASIS AGAINST GOLD/SILVER ORNAMENTS BEYOND PRESCRIBED CEILING LIMIT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION
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 ROBUST SOFTWARE TO THROW ALERTS AS PART OF EFFECTIVE IDENTIFICATION OF ACCOUNTS AND REPORTING OF SUSPICIOUS TRANSACTIONS
|
IMPOSED PENALTY RS.5,00,000
08-JAN-2024
|
|
|
4
|
|
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GOMTI NAGARIYA SAHKARI BANK LTD.
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
OFFERED HIGHER INTEREST RATES ON TERM DEPOSITS THAN THOSE OFFERED BY STATE BANK OF INDIA
|
IMPOSED PENALTY RS.2,00,000
30-JUL-2025
|
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5
|
|
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KAMARAJ CO-OPERATIVE TOWN BANK LTD.,THE
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
SANCTIONED CERTAIN LOANS WITHOUT COMPLYING WITH SHARE LINKING TO BORROWINGS NORMS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM
ALLOWED REFUND OF SHARE CAPITAL TO ITS MEMBERS, DESPITE ITS CRAR (CAPITAL TO RISK (WEIGHTED) ASSETS RATIO) BEING LESS THAN REGULATORY MINIMUM
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.2,00,000
03-JAN-2025
|
|
|
6
|
|
|
MIZORAM URBAN CO-OPERATIVE DEVELOPMENT BANK LTD.
|
|
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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 CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.20,000
02-AUG-2023
|
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7
|
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NAGAR SAHAKARI BANK LTD.
|
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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 CREDIT INTEREST TO INOPERATIVE SAVING BANK ACCOUNTS
|
IMPOSED PENALTY RS.4,00,000
27-OCT-2022
|
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8
|
|
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SHIKSHAK SAHAKARI BANK LTD.
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
|
IMPOSED PENALTY RS.23,30,000
22-FEB-2024
|
|
|
9
|
|
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SOLAPUR JANATA SAHAKARI BANK LTD.
|
|
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APPOINTED A MEMBER ON ITS BOARD OF MANAGEMENT, WHO DID NOT SATISFY FIT & PROPER CRITERIA AND DID NOT RECONSTITUTE BOARD OF MANAGEMENT WITHIN SPECIFIED TIME DESPITE SPECIFIC DIRECTION ISSUED BY RBI
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXTENSION OF FRESH LOANS AND ADVANCES CARRYING RISK WEIGHTS OF 100% AND ABOVE
|
IMPOSED PENALTY RS.28,30,000
13-MAR-2024
|
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|
10
|
|
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TUMKUR VEERASHAIVA CO-OPERATIVE BANK LTD.,THE
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|
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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 CURTAIL ITS EXPOSURE TO SECTOR WHERE LEVEL OF NPAS WERE HIGH
DID NOT CURTAIL OPERATING / ADMINISTRATIVE EXPENSES
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IMPOSED PENALTY RS.50,000
25-MAR-2025
|
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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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