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

NATIONALISED BANKS: DID NOT COMPENSATE CERTAIN CUSTOMERS WITHIN NINETY DAYS FROM DATE OF RECEIPT OF THE COMPLAINT

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person STATE BANK OF INDIA
  EXTENDED BRIDGE LOAN TO AN ENTITY AGAINST AMOUNTS RECEIVABLE FROM CENTRAL/STATE GOVERNMENT BY WAY OF SUBSIDY/REIMBURSEMENT

DID NOT CREDIT (SHADOW REVERSAL) THE AMOUNT INVOLVED IN UNAUTHORISED ELECTRONIC TRANSACTIONS TO CERTAIN CUSTOMER ACCOUNTS WITHIN TEN WORKING DAYS FROM THE DATE OF NOTIFICATION BY THE CUSTOMER

DID NOT COMPENSATE CERTAIN CUSTOMERS WITHIN NINETY DAYS FROM DATE OF RECEIPT OF THE COMPLAINT

OPENED/MAINTAINED CERTAIN CURRENT ACCOUNTS IN CONTRAVENTION OF REGULATORY REQUIREMENTS   		IMPOSED PENALTY RS.1,72,80,000

29-APR-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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