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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
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|
1
|
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ADARSH MAHILA CO-OPERATIVE BANK LTD.,THE
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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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2
|
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HCBL CO-OPERATIVE BANK LTD.
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
SANCTIONED FRESH LOANS AND ADVANCES AND ALLOWED CASH CREDIT FACILITIES TO BE OVERDRAWN VIOLATING SPECIFIC DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)
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.11,00,000
30-AUG-2023
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3
|
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OMKAR NAGREEYA SAHKARI 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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4
|
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RATANCHAND SHAH SAHAKARI 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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON SINGLE BORROWER EXPOSURE LIMIT APPLICABLE FOR FRESH LOANS AND ADVANCES IN CERTAIN INSTANCES
ALLOTTED MULTIPLE CUSTOMER IDENTIFICATION CODES TO SAME CUSTOMERS
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IMPOSED PENALTY RS.2,00,000
30-MAY-2025
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5
|
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SAHAYADRI SAHAKARI BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND
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 “KNOW YOUR CUSTOMER” DIRECTIVES/INSTRUCTIONS/GUIDELINES IN OPENING AND/OR OPERATING THE ACCOUNTS
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
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC REVIEW OF RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
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IMPOSED PENALTY RS.6,00,000
15-SEP-2023
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6
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U.P.POSTAL PRIMARY 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
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IMPOSED PENALTY RS.3,00,000
23-AUG-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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