S.No.
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ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
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
|
IMPOSED PENALTY RS.6,00,000 FROM 24-NOV-2022
24-NOV-2022
|
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2
|
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CITY CO-OPERATIVE BANK LTD.,THE
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GOLD LOAN WITH BULLET REPAYMENT OPTION
|
IMPOSED PENALTY RS.2,00,000 FROM 20-OCT-2022
20-OCT-2022
|
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3
|
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HARIJ NAGRIK SAHAKARI BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI U/S 36 (1) OF THE BANKING REGULATIONS ACT, 1949
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 FOR GOLD LOAN WITH BULLET REPAYMENT OPTION
|
IMPOSED PENALTY RS.3,00,000 FROM 31-MAR-2016
31-MAR-2016
|
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4
|
|
KERALA STATE CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GOLD LOAN WITH BULLET REPAYMENT OPTION
|
IMPOSED PENALTY RS.48,00,000 FROM 03-OCT-2022
03-OCT-2022
|
|
5
|
|
MYSORE MERCHANTS CO-OPERATIVE BANK LTD.,THE
|
|
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DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR GOLD LOAN WITH BULLET REPAYMENT OPTION
|
IMPOSED PENALTY RS.5,00,000 FROM 20-OCT-2022
20-OCT-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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