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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 11-OCT-2025

URBAN CO-OPERATIVE BANKS: SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CATHOLIC CO-OPERATIVE URBAN BANK LTD.,THE
  DID NOT MONITOR OPERATIONS IN CERTAIN DEPOSIT ACCOUNTS

ISSUED BALANCE CONFIRMATION LETTERS WITHOUT HAVING BALANCE IN ACCOUNTS

SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS   		IMPOSED PENALTY RS.3,00,000 FROM 07-OCT-2024

07-OCT-2024 		 
2
History of entity/person HALOL URBAN CO-OPERATIVE BANK LTD.,THE
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS

DID NOT PAY INTEREST ON MATURED TERM DEPOSITS FROM THE DATE OF MATURITY TILL DATE OF REPAYMENT AT THE APPLICABLE RATE   		IMPOSED PENALTY RS.2,00,000 FROM 14-DEC-2023

14-DEC-2023 		 
3
History of entity/person NAZARETH URBAN CO-OPERATIVE BANK LTD.
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS   IMPOSED PENALTY RS.1,00,000 FROM 10-OCT-2024

10-OCT-2024 		 
4
History of entity/person SRIRANGAM CO-OPERATIVE URBAN BANK LTD.,THE
  SANCTIONED LOAN TO A RELATIVE OF ONE OF ITS DIRECTORS

SANCTIONED CREDIT FACILITIES TO SECTORS HAVING HIGH PROPORTION OF NON-PERFORMING ASSETS AND FRESH LOANS & ADVANCES CARRYING RISK WEIGHTS MORE THAN 100% VIOLATING DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)   		IMPOSED PENALTY RS.1,50,000 FROM 05-NOV-2024

05-NOV-2024 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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