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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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CHITTOOR CO-OPERATIVE TOWN BANK LTD.,THE
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DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GOLD LOAN WITH BULLET REPAYMENT OPTION
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
DID NOT ADHERE TO ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON COMBATING OF FINANCING OF TERRORISM (CFT)/OBLIGATIONS OF BANKS UNDER PREVENTION OF MONEY LAUNDERING ACT (PMLA), 2002
DID NOT ADHERE TO UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC) RELATED DIRECTIVES/INSTRUCTIONS/GUIDELINES
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IMPOSED PENALTY RS.6,00,000 FROM 24-NOV-2022
24-NOV-2022
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2
|
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GONDIA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
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DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
DID NOT REPORT GRANT OF LOANS/ADVANCES/ANY OTHER FINANCIAL ACCOMMODATION TO RELATIVES OF ITS DIRECTORS IN OSS-6 RETURNS TO RESERVE BANK OF INDIA
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IMPOSED PENALTY RS.2,00,000 FROM 05-JAN-2023
05-JAN-2023
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3
|
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HYDERABAD DISTRICT CO-OPERATIVE CENTRAL BANK LTD.,THE
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING RECOGNITION OF LOAN IMPAIRMENT BY STATE/CENTRAL CO-OPERATIVE BANKS
DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
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IMPOSED PENALTY RS.2,00,000 FROM 09-FEB-2022
09-FEB-2022
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4
|
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JAMNAGAR DISTRICT CO-OPERATIVE BANK LTD.,THE
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DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
DID NOT ADHERE TO “KNOW YOUR CUSTOMER” DIRECTIVES/INSTRUCTIONS/GUIDELINES IN OPENING AND/OR OPERATING THE ACCOUNTS
DID NOT PLACE APPROPRIATE SYSTEM FOR IDENTIFICATION OF SUSPICIOUS TRANSACTIONS
DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
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IMPOSED PENALTY RS.4,10,000 FROM 27-APR-2023
27-APR-2023
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5
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OSMANABAD JANATA SAHAKARI BANK LTD.
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DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
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IMPOSED PENALTY RS.1,50,000 FROM 14-FEB-2023
14-FEB-2023
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6
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TAMIL NADU STATE APEX CO-OPERATIVE BANK LTD.
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DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON FRAUDS MONITORING AND REPORTING MECHANISM
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IMPOSED PENALTY RS.16,00,000 FROM 21-APR-2023
21-APR-2023
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7
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URBAN CO-OPERATIVE BANK LTD.,THE,CUTTACK
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DELAY IN TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION & AWARENESS FUND
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IMPOSED PENALTY RS.10,000 FROM 22-SEP-2022
22-SEP-2022
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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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