|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
AMBARNATH JAIHIND CO-OPERATIVE BANK LTD.
|
|
|
COLLECTED FIX PENALTY FOR SHORTFALL IN MAINTENANCE OF MINIMUM BALANCE IN SAVING BANK ACCOUNTS WITHOUT GIVING ONE MONTH NOTICE TO CUSTOMERS REGARDING MINIMUM BALANCE REQUIREMENT
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
COLLECTED CHARGES FOR ACTIVATION OF INOPERATIVE ACCOUNTS
|
IMPOSED PENALTY RS.3,00,000
01-APR-2024
|
|
|
2
|
|
|
BASSEIN CATHOLIC CO-OPERATIVE BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
RESTRUCTURED CREDIT FACILITIES WITHOUT ESTABLISHING THE FINANCIAL VIABILITY AND REASONABLE CERTAINTY OF REPAYMENT BY THE BORROWERS
|
IMPOSED PENALTY RS.61,60,000
28-MAR-2024
|
|
|
3
|
|
|
DOMBIVLI NAGARI SAHAKARI BANK LTD.
|
|
|
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.8,30,000
21-JAN-2025
|
|
|
4
|
|
|
NASIK MERCHANT'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
|
IMPOSED PENALTY RS.48,30,000
02-NOV-2023
|
|
|
5
|
|
|
RAJKOT NAGRIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
OPENED SEVERAL SAVINGS DEPOSIT ACCOUNTS IN THE NAME OF INELIGIBLE ENTITIES
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.43,30,000
16-APR-2024
|
|
|
6
|
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
LEVIED CHARGES ON CERTAIN CUSTOMERS FOR SENDING SMS ALERT DESPITE NOT HAVING MOBILE NUMBERS OF SUCH CUSTOMERS ON RECORD
|
IMPOSED PENALTY RS.61,60,000
23-SEP-2024
|
|
|
7
|
|
|
SUTEX CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT CONDUCT VULNERABILITY ASSESSMENT AND PENETRATION TESTING OF ITS INTERNET FACING MOBILE APPLICATION AS PER PRESCRIBED PERIODICITY
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
26-APR-2024
|
|
|
8
|
|
|
UTTAR PRADESH CO-OPERATIVE BANK LTD.
|
|
|
DID NOT PROVIDE DIRECT LINK TO LODGE COMPLAINTS WITH SPECIFIC OPTION TO REPORT UNAUTHORISED ELECTRONIC TRANSACTIONS ON HOME PAGE OF WEBSITE
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCES IN DORMANT/INOPERATIVE SAVING BANK ACCOUNTS AND/OR CURRENT DEPOSIT ACCOUNTS
|
IMPOSED PENALTY RS.28,00,000
23-JUN-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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