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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 27-AUG-2025

CO-OPERATIVE BANKS: DID NOT PRESENT TRUE AND FAIR PICTURE OF ITS PROFITS & ASSETS IN PROFIT & LOSS STATEMENT AND BALANCE SHEET RESPECTIVELY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person SARVODAYA COMMERCIAL CO-OPERATIVE BANK LTD.
  MADE DONATIONS TO TRUSTS IN EXCESS OF PRESCRIBED REGULATORY CEILING

DID NOT PRESENT TRUE AND FAIR PICTURE OF ITS PROFITS & ASSETS IN PROFIT & LOSS STATEMENT AND BALANCE SHEET RESPECTIVELY

CONDUCTED CONCURRENT AUDIT MONTHLY INSTEAD OF CONDUCTING SIMULTANEOUS CHECK OF THE TRANSACTIONS AND DELAY IN SUBMISSION OF REPORTS

DID NOT CATEGORISE CERTAIN NON-PERFORMING ASSETS (NPAS) IN APPROPRIATE NPA SUB-CATEGORY

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.5,00,000

08-AUG-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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