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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: OPENED SAVINGS DEPOSIT ACCOUNTS OF TRUST/INSTITUTIONS WHOSE ENTIRE INCOME NOT EXEMPT FROM PAYMENT OF INCOME-TAX UNDER THE INCOME TAX ACT, 1961

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person KAPADWANJ PEOPLES CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

ACCEPTED INTEREST-FREE DEPOSITS ACCOUNTS OTHER THAN CURRENT ACCOUNT

OPENED SAVINGS DEPOSIT ACCOUNTS OF TRUST/INSTITUTIONS WHOSE ENTIRE INCOME NOT EXEMPT FROM PAYMENT OF INCOME-TAX UNDER THE INCOME TAX ACT, 1961

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.3,00,000

18-NOV-2024 		 
2
History of entity/person MANDAL NAGARIK SAHAKARI BANK LTD.,THE
  SANCTIONED AND/OR RENEWED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

DID NOT PAY ELIGIBLE INTEREST AT THE TIME OF REPAYMENT ON TERM DEPOSITS MATURING ON SUNDAY/HOLIDAY/NON-BUSINESS WORKING DAY AND PAID ON SUCCEEDING WORKING DAYS

OPENED SAVINGS DEPOSIT ACCOUNTS OF TRUST/INSTITUTIONS WHOSE ENTIRE INCOME NOT EXEMPT FROM PAYMENT OF INCOME-TAX UNDER THE INCOME TAX ACT, 1961

DID NOT PAY INTEREST RATES STRICTLY AS PER SCHEDULE OF INTEREST RATES DISCLOSED IN ADVANCE IN SEVERAL TERM DEPOSIT ACCOUNTS   		IMPOSED PENALTY RS.1,50,000

03-NOV-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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