প্রেস রিলিজ - আরবিআই - Reserve Bank of India
প্রেস রিলিজ
The Reserve Bank of India (RBI), by an order dated September 15, 2023, has imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Sangli Sahakari Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors-UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection report, Risk Assessment Report and all correspondence thereto revealed, inter alia, that the bank had renewed a loan given to a relative of one of its directors. Subsequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the charge of non-compliance with the aforesaid directions issued by RBI was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1321
The Reserve Bank of India (RBI), by an order dated September 15, 2023, has imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Sangli Sahakari Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors-UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection report, Risk Assessment Report and all correspondence thereto revealed, inter alia, that the bank had renewed a loan given to a relative of one of its directors. Subsequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the charge of non-compliance with the aforesaid directions issued by RBI was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1321
The Reserve Bank of India (RBI) has, by an order dated October 12, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Jolarpet Co-operative Urban Bank Limited, Dist. Vellore, Tamil Nadu (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had extended loans to directors and their relatives. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the aforesaid directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1246
The Reserve Bank of India (RBI) has, by an order dated October 12, 2023, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Jolarpet Co-operative Urban Bank Limited, Dist. Vellore, Tamil Nadu (the bank) for non-compliance with the directions issued by RBI on ‘Board of Directors - UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had extended loans to directors and their relatives. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the aforesaid directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1246
The Reserve Bank of India (RBI) has, by an order dated October 06, 2023, imposed a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on Shree Lodra Nagarik Sahakari Bank Limited, Lodra, Dist. Gandhinagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan to a relative of one of its directors; (ii) sanctioned loans wherein relatives of its directors stood as guarantors; (iii) breached the prudential inter-bank gross exposure limit; and (iv) breached the prudential inter-bank counterparty exposure limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1247
The Reserve Bank of India (RBI) has, by an order dated October 06, 2023, imposed a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on Shree Lodra Nagarik Sahakari Bank Limited, Lodra, Dist. Gandhinagar, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan to a relative of one of its directors; (ii) sanctioned loans wherein relatives of its directors stood as guarantors; (iii) breached the prudential inter-bank gross exposure limit; and (iv) breached the prudential inter-bank counterparty exposure limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1247
The Reserve Bank of India (RBI) has, by an order dated October 09, 2023, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on The Limbasi Urban Co-operative Bank Ltd., Limbasi, Dist. Kheda, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are Interested’ read with the directions issued by RBI on ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had sanctioned a loan where relative of one of the directors of the bank stood as guarantor. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1248
The Reserve Bank of India (RBI) has, by an order dated October 09, 2023, imposed a monetary penalty of ₹25,000/- (Rupees Twenty-Five thousand only) on The Limbasi Urban Co-operative Bank Ltd., Limbasi, Dist. Kheda, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are Interested’ read with the directions issued by RBI on ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had sanctioned a loan where relative of one of the directors of the bank stood as guarantor. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1248
The Reserve Bank of India (RBI) has, by an order dated October 10, 2023, imposed a monetary penalty of ₹3.50 lakh (Rupees Three lakh Fifty thousand only) on Malpur Nagarik Sahakari Bank Limited, Malpur, Dist. Aravalli, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) breached the prudential inter-bank gross exposure limit; and (ii) breached the prudential inter-bank counterparty exposure limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1249
The Reserve Bank of India (RBI) has, by an order dated October 10, 2023, imposed a monetary penalty of ₹3.50 lakh (Rupees Three lakh Fifty thousand only) on Malpur Nagarik Sahakari Bank Limited, Malpur, Dist. Aravalli, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) breached the prudential inter-bank gross exposure limit; and (ii) breached the prudential inter-bank counterparty exposure limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1249
The Reserve Bank of India (RBI) has, by an order dated September 15, 2023, imposed a monetary penalty of ₹3.20 lakh (Rupees Three lakh Twenty thousand only) on Early Salary Services Private Limited, Pune (the company) for non-compliance with certain provisions of the “Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G (1) (b) read with Section 58B (5) (aa) of the Reserve Bank of India Act, 1934.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.
Background
The correspondence between RBI and the company in furtherance to a supervisory visit/scrutiny conducted in the month of October 2021, revealed, inter alia, that the company had failed to put in place a system of internal audit of all outsourced activities. Consequently, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the company’s reply to the notice, examination of additional submissions made by it and oral submissions made during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the company.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1251
The Reserve Bank of India (RBI) has, by an order dated September 15, 2023, imposed a monetary penalty of ₹3.20 lakh (Rupees Three lakh Twenty thousand only) on Early Salary Services Private Limited, Pune (the company) for non-compliance with certain provisions of the “Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G (1) (b) read with Section 58B (5) (aa) of the Reserve Bank of India Act, 1934.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.
Background
The correspondence between RBI and the company in furtherance to a supervisory visit/scrutiny conducted in the month of October 2021, revealed, inter alia, that the company had failed to put in place a system of internal audit of all outsourced activities. Consequently, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the company’s reply to the notice, examination of additional submissions made by it and oral submissions made during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the company.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1251
The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Pij People’s Co-operative Bank Limited, Pij, Dist. Kheda, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had failed to carry out periodic review of risk categorisation of accounts. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1205
The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Pij People’s Co-operative Bank Limited, Pij, Dist. Kheda, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had failed to carry out periodic review of risk categorisation of accounts. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1205
PDF (30 অক্টোবর, 2023
বীরভূম ডিস্ট্রিক্ট সেন্ট্রাল কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, বীরভূম, পশ্চিমবঙ্গ-এর উপর ভারতীয় রিজার্ভ
ব্যাঙ্ক আর্থিক জরিমানা আরোপ করল
ভারতীয় রিজার্ভ ব্যাঙ্ক(আরবিআই), সেপ্টেম্বর 19, 2023 দিনাঙ্কিত একটি আদেশ দ্বারা, আরবিআই দ্বারা জারিকৃত ‘রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া (আপনার গ্রাহককে জানুন (KYC)) নির্দেশবিধি, 2016 (Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016)’ ও ‘ক্রেডিট ইনফর্মেশন কোম্পানি (CIC)-এর সদস্যতা (Membership of Credit Information Companies (CICs)’ সংক্রান্ত নির্দেশবিধি-সমূহের অননুপালন -এর মর্মে, বীরভূম ডিস্ট্রিক্ট সেন্ট্রাল কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, বীরভূম, পশ্চিমবঙ্গ (ব্যাঙ্ক)-এর উপর ₹1.10 লাখ (এক লাখ দশ হাজার টাকা মাত্র) –এর আর্থিক জরিমানা আরোপ করেছে। এই দন্ডটি আরোপ করা হয়েছে ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949-এর ধারা 47-A (1) (c) তৎসহ পঠিত ধারা 46 (4) (i) ও 56 এবং ক্রেডিট ইনফর্মেশন কোম্পানিজ (রেগুলেশন) অ্যাক্ট, 2005 (Credit Information Companies (Regulation) Act, 2005)-এর ধারা 25 (1) (iii) তৎসহ পঠিত ধারা 23 (4)-এর বিধানসমূহের অধীনে আরবিআই- এর উপর ন্যস্ত ক্ষমতাবলের প্রয়োগে।
এই ক্রিয়াপদক্ষেপ-এর ভিত্তি- বিধিসম্পর্কিত(regulatory) অনুপালন কার্যে খামতি, এবং ব্যাঙ্ক কর্তৃক তার গ্রাহকের সাথে ক্রিয়াপ্রবিষ্ট কোনও লেনদেন বা সম্মতিসনদ (agreement)-এর বৈধতা-র উপর বিচার-প্রভাব আরোপ এর অভিপ্রায় নয়।
পরিপ্রেক্ষিত
ন্যাশনাল ব্যাঙ্ক ফর এগ্রিকালচার অ্যান্ড রুরাল ডেভেলপমেন্ট (নাবার্ড (NABARD)) কর্তৃক সম্পাদিত মার্চ 31, 2022-এর ব্যাঙ্ক সংক্রান্ত আর্থিক পরিস্থিতি বিষয়ক সংবিধিবদ্ধ নিরীক্ষণ(statutory inspection), ও নিরীক্ষণ প্রতিবেদন (Inspection Report) এবং তদজনিত সকল যোগাযোগপত্রাদি-র বিশ্লেষণ অন্যান্য বিষয়াদি-র সাথে এইমর্মে প্রকাশ করে যে- ব্যাঙ্ক টি (i) ব্যর্থ হয়েছে অ্যাকাউন্ট সমূহের ঝুঁকি শ্রেণীবিভাজন সংক্রান্ত পর্যায়ভিত্তিক সমীক্ষা সম্পাদন করতে (ii) ব্যর্থ হয়েছে কতিপয় সংখ্যক অ্যাকাউন্ট- এর ঝুঁকি শ্রেণীবিভাজন করতে (iii) ব্যর্থ হয়েছে চারর্টি CIC-র তিনটি থেকে সদস্যতা নিতে। ফলত:, তদ-বিষয়ক উল্লেখ অনুযায়ী প্রাগুক্ত নির্দেশবিধিসমূহ অনুপালন করতে ব্যর্থ হওয়ার জন্য এর উপর কেন দন্ড আরোপ করা হবে না সেইমর্মে কারণ দর্শানোর পরামর্শ দিয়ে ব্যাঙ্ক-টির প্রতি একটি বিজ্ঞপ্তি (Notice) জারি করা হয়েছিল।
বিজ্ঞপ্তি-টির সাপেক্ষে ব্যাঙ্ক টি-র জবাব এবং ব্যক্তিগত শুনানি কালীন এর দ্বারা পেশ করা মৌখিক দাখিলাদি বিবেচনা করার পর আরবিআই এই সিদ্ধান্তে উপনীত হয়েছে যে প্রাগুক্ত আরবিআই নির্দেশবিধি অননুপালন জনিত অভিযোগ ধার্য-ক্রিয়া(charge) বাস্তবের ভিত্তিতে প্রতিষ্ঠিত এবং আর্থিক জরিমানা আরোপ যথাবিহিত।
(যোগেশ দয়াল)
মুখ্য মহাপ্রবন্ধক
প্রেস প্রকাশনী: 2023-2024/1201
30 অক্টোবর, 2023
বীরভূম ডিস্ট্রিক্ট সেন্ট্রাল কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, বীরভূম, পশ্চিমবঙ্গ-এর উপর ভারতীয় রিজার্ভ
ব্যাঙ্ক আর্থিক জরিমানা আরোপ করল
ভারতীয় রিজার্ভ ব্যাঙ্ক(আরবিআই), সেপ্টেম্বর 19, 2023 দিনাঙ্কিত একটি আদেশ দ্বারা, আরবিআই দ্বারা জারিকৃত ‘রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া (আপনার গ্রাহককে জানুন (KYC)) নির্দেশবিধি, 2016 (Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016)’ ও ‘ক্রেডিট ইনফর্মেশন কোম্পানি (CIC)-এর সদস্যতা (Membership of Credit Information Companies (CICs)’ সংক্রান্ত নির্দেশবিধি-সমূহের অননুপালন -এর মর্মে, বীরভূম ডিস্ট্রিক্ট সেন্ট্রাল কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, বীরভূম, পশ্চিমবঙ্গ (ব্যাঙ্ক)-এর উপর ₹1.10 লাখ (এক লাখ দশ হাজার টাকা মাত্র) –এর আর্থিক জরিমানা আরোপ করেছে। এই দন্ডটি আরোপ করা হয়েছে ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949-এর ধারা 47-A (1) (c) তৎসহ পঠিত ধারা 46 (4) (i) ও 56 এবং ক্রেডিট ইনফর্মেশন কোম্পানিজ (রেগুলেশন) অ্যাক্ট, 2005 (Credit Information Companies (Regulation) Act, 2005)-এর ধারা 25 (1) (iii) তৎসহ পঠিত ধারা 23 (4)-এর বিধানসমূহের অধীনে আরবিআই- এর উপর ন্যস্ত ক্ষমতাবলের প্রয়োগে।
এই ক্রিয়াপদক্ষেপ-এর ভিত্তি- বিধিসম্পর্কিত(regulatory) অনুপালন কার্যে খামতি, এবং ব্যাঙ্ক কর্তৃক তার গ্রাহকের সাথে ক্রিয়াপ্রবিষ্ট কোনও লেনদেন বা সম্মতিসনদ (agreement)-এর বৈধতা-র উপর বিচার-প্রভাব আরোপ এর অভিপ্রায় নয়।
পরিপ্রেক্ষিত
ন্যাশনাল ব্যাঙ্ক ফর এগ্রিকালচার অ্যান্ড রুরাল ডেভেলপমেন্ট (নাবার্ড (NABARD)) কর্তৃক সম্পাদিত মার্চ 31, 2022-এর ব্যাঙ্ক সংক্রান্ত আর্থিক পরিস্থিতি বিষয়ক সংবিধিবদ্ধ নিরীক্ষণ(statutory inspection), ও নিরীক্ষণ প্রতিবেদন (Inspection Report) এবং তদজনিত সকল যোগাযোগপত্রাদি-র বিশ্লেষণ অন্যান্য বিষয়াদি-র সাথে এইমর্মে প্রকাশ করে যে- ব্যাঙ্ক টি (i) ব্যর্থ হয়েছে অ্যাকাউন্ট সমূহের ঝুঁকি শ্রেণীবিভাজন সংক্রান্ত পর্যায়ভিত্তিক সমীক্ষা সম্পাদন করতে (ii) ব্যর্থ হয়েছে কতিপয় সংখ্যক অ্যাকাউন্ট- এর ঝুঁকি শ্রেণীবিভাজন করতে (iii) ব্যর্থ হয়েছে চারর্টি CIC-র তিনটি থেকে সদস্যতা নিতে। ফলত:, তদ-বিষয়ক উল্লেখ অনুযায়ী প্রাগুক্ত নির্দেশবিধিসমূহ অনুপালন করতে ব্যর্থ হওয়ার জন্য এর উপর কেন দন্ড আরোপ করা হবে না সেইমর্মে কারণ দর্শানোর পরামর্শ দিয়ে ব্যাঙ্ক-টির প্রতি একটি বিজ্ঞপ্তি (Notice) জারি করা হয়েছিল।
বিজ্ঞপ্তি-টির সাপেক্ষে ব্যাঙ্ক টি-র জবাব এবং ব্যক্তিগত শুনানি কালীন এর দ্বারা পেশ করা মৌখিক দাখিলাদি বিবেচনা করার পর আরবিআই এই সিদ্ধান্তে উপনীত হয়েছে যে প্রাগুক্ত আরবিআই নির্দেশবিধি অননুপালন জনিত অভিযোগ ধার্য-ক্রিয়া(charge) বাস্তবের ভিত্তিতে প্রতিষ্ঠিত এবং আর্থিক জরিমানা আরোপ যথাবিহিত।
(যোগেশ দয়াল)
মুখ্য মহাপ্রবন্ধক
প্রেস প্রকাশনী: 2023-2024/1201
The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shihori Nagarik Sahakari Bank Ltd., Shihori, Dist. Banaskantha, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and advances to Directors etc. - Directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank had (i) sanctioned loans where relatives of directors of the bank stood as guarantors; and (ii) breached the prescribed inter-bank counterparty exposure limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1204
The Reserve Bank of India (RBI) has, by an order dated October 04, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shihori Nagarik Sahakari Bank Ltd., Shihori, Dist. Banaskantha, Gujarat (the bank) for non-compliance with directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and advances to Directors etc. - Directors as surety/guarantors – Clarification’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank had (i) sanctioned loans where relatives of directors of the bank stood as guarantors; and (ii) breached the prescribed inter-bank counterparty exposure limit. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1204
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Vadnagar Nagarik Sahakari Bank Ltd., Vadnagar, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’, and ‘Co-operative Banks - Interest Rate on Deposits. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan where relative of one of the directors of the bank, stood as guarantor, and (ii) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1142
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Vadnagar Nagarik Sahakari Bank Ltd., Vadnagar, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’, and ‘Co-operative Banks - Interest Rate on Deposits. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan where relative of one of the directors of the bank, stood as guarantor, and (ii) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1142
The Reserve Bank of India (RBI) has, by an order dated September 29, 2023, imposed a monetary penalty of ₹10,000/- (Rupees Ten thousand only) on The Manjeri Co-operative Urban Bank Ltd., Manjeri, Malappuram District, Kerala (the bank) for non-compliance with the directions issued by RBI on “Customer Protection - Limiting Liability of Customers of Cooperative Banks in Unauthorised Electronic Banking Transactions”, “Basic Cyber Security Framework for Primary (Urban) Co-operative Banks (UCBs)”, and “Comprehensive Cyber Security Framework for Primary (Urban) Co-operative Banks (UCBs)”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
A cyber security incident reported by the bank regarding compromise of mobile banking application of the bank by fraudsters and the subsequent Information Technology Examination (ITE) conducted by RBI revealed, inter alia, several lapses in the cyber security framework of the bank. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1172
The Reserve Bank of India (RBI) has, by an order dated September 29, 2023, imposed a monetary penalty of ₹10,000/- (Rupees Ten thousand only) on The Manjeri Co-operative Urban Bank Ltd., Manjeri, Malappuram District, Kerala (the bank) for non-compliance with the directions issued by RBI on “Customer Protection - Limiting Liability of Customers of Cooperative Banks in Unauthorised Electronic Banking Transactions”, “Basic Cyber Security Framework for Primary (Urban) Co-operative Banks (UCBs)”, and “Comprehensive Cyber Security Framework for Primary (Urban) Co-operative Banks (UCBs)”. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
A cyber security incident reported by the bank regarding compromise of mobile banking application of the bank by fraudsters and the subsequent Information Technology Examination (ITE) conducted by RBI revealed, inter alia, several lapses in the cyber security framework of the bank. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1172
25 October, 2023
দ্য ঘাটাল পিপলস কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, পশ্চিমবঙ্গ এর উপর ভারতীয় রিজার্ভ ব্যাঙ্ক
আর্থিক জরিমানা আরোপ করলো
ভারতীয় রিজার্ভ ব্যাঙ্ক(আরবিআই), সেপ্টেম্বর 21, 2023 দিনাঙ্কিত একটি আদেশ দ্বারা, আরবিআই দ্বারা জারিকৃত ‘ক্রেডিট ইনফর্মেশন কোম্পানি (CIC)-এর সদস্যতা (Membership of Credit Information Companies (CICs)’, ‘উন্মোচন বিধি এবং সংবিধিবদ্ধ/ অন্যান্য বিধিনিষেধ-ইউসিবি (Exposure Norms and Statutory/Other Restrictions – UCBs)’, ‘রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া - (আপনার গ্রাহককে জানুন (KYC)) নির্দেশবিধি, 2016 (Reserve Bank of India – (Know Your Customer (KYC)) Directions, 2016)’ সংক্রান্ত নির্দেশবিধি-সমূহের অননুপালন এবং ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949 (BR Act) এর ধারা 26-A তৎসহ পঠিত আরবিআই দ্বারা জারিকৃত ‘আমানতকারী শিক্ষা এবং সচেতনতা নিধি যোজনা, 2014- ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949 এর ধারা 26A-র সাপেক্ষে ক্রিয়াসংক্রান্ত নির্দেশিকা (The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949 - Operational Guidelines)’ সংক্রান্ত নির্দেশবিধিসমূহ এর বিধানসমূহ অমান্য করার মর্মে, দ্য ঘাটাল পিপলস কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, পশ্চিমবঙ্গ(ব্যাঙ্ক)-এর উপর ₹1.50 লাখ (এক লাখ পঞ্চাশ হাজার টাকা মাত্র) –এর আর্থিক জরিমানা আরোপ করেছে। এই দন্ডটি আরোপ করা হয়েছে বিআর অ্যাক্ট(BR Act)-এর ধারা 47-A (1) (c) তৎসহ পঠিত ধারা 46 (4) (i) ও 56 এবং ক্রেডিট ইনফর্মেশন কোম্পানিজ (রেগুলেশন) অ্যাক্ট, 2005 (Credit Information Companies (Regulation) Act, 2005)-এর ধারা 25 (1) (iii) তৎসহ পঠিত ধারা 23 (4)-এর বিধানসমূহের অধীনে আরবিআই-তে উপর ন্যস্ত ক্ষমতাবলের প্রয়োগে।
এই ক্রিয়াপদক্ষেপ-এর ভিত্তি- বিধিসম্পর্কিত(regulatory) অনুপালন কার্যে খামতি, এবং ব্যাঙ্ক কর্তৃক তার গ্রাহকের সাথে ক্রিয়াপ্রবিষ্ট কোনও লেনদেন বা সম্মতিসনদ (agreement)-এর বৈধতা-র উপর বিচার-প্রভাব আরোপ এর অভিপ্রায় নয়।
পটভূমি
আরবিআই কর্তৃক সম্পাদিত মার্চ 31, 2022-এর ব্যাঙ্ক সংক্রান্ত আর্থিক পরিস্থিতি বিষয়ক সংবিধিবদ্ধ নিরীক্ষণ(statutory inspection), এবং নিরীক্ষণ প্রতিবেদন (Inspection Report), ঝুঁকি নিরূপন প্রতিবেদন (Risk Assessment Report) ও তদজনিত সকল যোগাযোগপত্রাদি-র বিশ্লেষণ অন্যান্য বিষয়াদি-র সাথে এইমর্মে প্রকাশ করে যে- ব্যাঙ্ক টি (i) ব্যর্থ হয়েছে CIC-তে ঋণ সংক্রান্ত তথ্য আপলোড করতে, (ii) লঙ্ঘন করেছে- বিধিবদ্ধ আন্তঃ-ব্যাঙ্ক বিপরীত-পাক্ষিক উন্মোচন সীমা (prudential inter-bank counter-party exposure limit), (iii) স্থাপন করেনি অ্যাকাউন্ট সমূহের ঝুঁকি শ্রেণীবিভাজন সংক্রান্ত পর্যায়ভিত্তিক সমীক্ষা সম্পর্কিত ব্যবস্থা (system of periodic review of risk categorisation of accounts) - এর, (iv) আমানতকারী শিক্ষা এবং সচেতনতা নিধি (Depositor Education and Awareness Fund) - তে স্থানান্তরিত করেনি সকল উপযুক্ত রাশিগুলিকে। ফলতঃ, তদ-বিষয়ক উল্লেখ অনুযায়ী প্রাগুক্ত নির্দেশবিধিসমূহ অননুপালন করার জন্য এর উপর কেন দন্ড আরোপ করা হবে না সেইমর্মে কারণ দর্শানোর পরামর্শ দিয়ে ব্যাঙ্ক-টির প্রতি একটি বিজ্ঞপ্তি (Notice) জারি করা হয়েছিল।
বিজ্ঞপ্তি-টির সাপেক্ষে ব্যাঙ্ক টি-র জবাব, অতিরিক্ত দাখিলাদি এবং ব্যক্তিগত শুনানি কালীন এর দ্বারা পেশ করা মৌখিক দাখিলাদি বিবেচনা করার পর আরবিআই এই সিদ্ধান্তে উপনীত হয়েছে যে প্রাগুক্ত আরবিআই নির্দেশবিধি অননুপালন জনিত অভিযোগ ধার্য-ক্রিয়া(charge) বাস্তবের ভিত্তিতে প্রতিষ্ঠিত এবং আর্থিক জরিমানা আরোপ যথাবিহিত।
(যোগেশ দয়াল)
মুখ্য মহাপ্রবন্ধক
প্রেস প্রকাশনী: 2023-2024/1176
25 October, 2023
দ্য ঘাটাল পিপলস কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, পশ্চিমবঙ্গ এর উপর ভারতীয় রিজার্ভ ব্যাঙ্ক
আর্থিক জরিমানা আরোপ করলো
ভারতীয় রিজার্ভ ব্যাঙ্ক(আরবিআই), সেপ্টেম্বর 21, 2023 দিনাঙ্কিত একটি আদেশ দ্বারা, আরবিআই দ্বারা জারিকৃত ‘ক্রেডিট ইনফর্মেশন কোম্পানি (CIC)-এর সদস্যতা (Membership of Credit Information Companies (CICs)’, ‘উন্মোচন বিধি এবং সংবিধিবদ্ধ/ অন্যান্য বিধিনিষেধ-ইউসিবি (Exposure Norms and Statutory/Other Restrictions – UCBs)’, ‘রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া - (আপনার গ্রাহককে জানুন (KYC)) নির্দেশবিধি, 2016 (Reserve Bank of India – (Know Your Customer (KYC)) Directions, 2016)’ সংক্রান্ত নির্দেশবিধি-সমূহের অননুপালন এবং ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949 (BR Act) এর ধারা 26-A তৎসহ পঠিত আরবিআই দ্বারা জারিকৃত ‘আমানতকারী শিক্ষা এবং সচেতনতা নিধি যোজনা, 2014- ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949 এর ধারা 26A-র সাপেক্ষে ক্রিয়াসংক্রান্ত নির্দেশিকা (The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949 - Operational Guidelines)’ সংক্রান্ত নির্দেশবিধিসমূহ এর বিধানসমূহ অমান্য করার মর্মে, দ্য ঘাটাল পিপলস কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, পশ্চিমবঙ্গ(ব্যাঙ্ক)-এর উপর ₹1.50 লাখ (এক লাখ পঞ্চাশ হাজার টাকা মাত্র) –এর আর্থিক জরিমানা আরোপ করেছে। এই দন্ডটি আরোপ করা হয়েছে বিআর অ্যাক্ট(BR Act)-এর ধারা 47-A (1) (c) তৎসহ পঠিত ধারা 46 (4) (i) ও 56 এবং ক্রেডিট ইনফর্মেশন কোম্পানিজ (রেগুলেশন) অ্যাক্ট, 2005 (Credit Information Companies (Regulation) Act, 2005)-এর ধারা 25 (1) (iii) তৎসহ পঠিত ধারা 23 (4)-এর বিধানসমূহের অধীনে আরবিআই-তে উপর ন্যস্ত ক্ষমতাবলের প্রয়োগে।
এই ক্রিয়াপদক্ষেপ-এর ভিত্তি- বিধিসম্পর্কিত(regulatory) অনুপালন কার্যে খামতি, এবং ব্যাঙ্ক কর্তৃক তার গ্রাহকের সাথে ক্রিয়াপ্রবিষ্ট কোনও লেনদেন বা সম্মতিসনদ (agreement)-এর বৈধতা-র উপর বিচার-প্রভাব আরোপ এর অভিপ্রায় নয়।
পটভূমি
আরবিআই কর্তৃক সম্পাদিত মার্চ 31, 2022-এর ব্যাঙ্ক সংক্রান্ত আর্থিক পরিস্থিতি বিষয়ক সংবিধিবদ্ধ নিরীক্ষণ(statutory inspection), এবং নিরীক্ষণ প্রতিবেদন (Inspection Report), ঝুঁকি নিরূপন প্রতিবেদন (Risk Assessment Report) ও তদজনিত সকল যোগাযোগপত্রাদি-র বিশ্লেষণ অন্যান্য বিষয়াদি-র সাথে এইমর্মে প্রকাশ করে যে- ব্যাঙ্ক টি (i) ব্যর্থ হয়েছে CIC-তে ঋণ সংক্রান্ত তথ্য আপলোড করতে, (ii) লঙ্ঘন করেছে- বিধিবদ্ধ আন্তঃ-ব্যাঙ্ক বিপরীত-পাক্ষিক উন্মোচন সীমা (prudential inter-bank counter-party exposure limit), (iii) স্থাপন করেনি অ্যাকাউন্ট সমূহের ঝুঁকি শ্রেণীবিভাজন সংক্রান্ত পর্যায়ভিত্তিক সমীক্ষা সম্পর্কিত ব্যবস্থা (system of periodic review of risk categorisation of accounts) - এর, (iv) আমানতকারী শিক্ষা এবং সচেতনতা নিধি (Depositor Education and Awareness Fund) - তে স্থানান্তরিত করেনি সকল উপযুক্ত রাশিগুলিকে। ফলতঃ, তদ-বিষয়ক উল্লেখ অনুযায়ী প্রাগুক্ত নির্দেশবিধিসমূহ অননুপালন করার জন্য এর উপর কেন দন্ড আরোপ করা হবে না সেইমর্মে কারণ দর্শানোর পরামর্শ দিয়ে ব্যাঙ্ক-টির প্রতি একটি বিজ্ঞপ্তি (Notice) জারি করা হয়েছিল।
বিজ্ঞপ্তি-টির সাপেক্ষে ব্যাঙ্ক টি-র জবাব, অতিরিক্ত দাখিলাদি এবং ব্যক্তিগত শুনানি কালীন এর দ্বারা পেশ করা মৌখিক দাখিলাদি বিবেচনা করার পর আরবিআই এই সিদ্ধান্তে উপনীত হয়েছে যে প্রাগুক্ত আরবিআই নির্দেশবিধি অননুপালন জনিত অভিযোগ ধার্য-ক্রিয়া(charge) বাস্তবের ভিত্তিতে প্রতিষ্ঠিত এবং আর্থিক জরিমানা আরোপ যথাবিহিত।
(যোগেশ দয়াল)
মুখ্য মহাপ্রবন্ধক
প্রেস প্রকাশনী: 2023-2024/1176
The Reserve Bank of India (RBI) has, by an order dated September 25, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Indrayani Co-operative Bank Ltd., Pimpri, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter-alia, that the bank had (i) not adhered to the Prudential Norms relating to Income Recognition, Asset Classification and Provisioning, and (ii) not implemented a system for periodic updation of KYC of its customers. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1167
The Reserve Bank of India (RBI) has, by an order dated September 25, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Indrayani Co-operative Bank Ltd., Pimpri, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47-A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter-alia, that the bank had (i) not adhered to the Prudential Norms relating to Income Recognition, Asset Classification and Provisioning, and (ii) not implemented a system for periodic updation of KYC of its customers. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1167
The Reserve Bank of India (RBI) has, by an order dated September 18, 2023, imposed a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on Surat National Co-operative Bank Ltd., Surat, Gujarat (the bank) for contravention of directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’ and ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate and (ii) not provided the facility to customers to respond by ‘Reply’ to the electronic banking transactions related SMSs and email alerts sent by the bank, for instantly reporting unauthorised transactions. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1141
The Reserve Bank of India (RBI) has, by an order dated September 18, 2023, imposed a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on Surat National Co-operative Bank Ltd., Surat, Gujarat (the bank) for contravention of directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’ and ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate and (ii) not provided the facility to customers to respond by ‘Reply’ to the electronic banking transactions related SMSs and email alerts sent by the bank, for instantly reporting unauthorised transactions. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1141
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Vadnagar Nagarik Sahakari Bank Ltd., Vadnagar, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’, and ‘Co-operative Banks - Interest Rate on Deposits. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan where relative of one of the directors of the bank, stood as guarantor, and (ii) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1142
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Vadnagar Nagarik Sahakari Bank Ltd., Vadnagar, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’, and ‘Co-operative Banks - Interest Rate on Deposits. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan where relative of one of the directors of the bank, stood as guarantor, and (ii) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1142
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on People’s Co-operative Bank Ltd., Dholka, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ and ‘Co-operative Banks - Interest Rate on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan to a relative of one of its directors, and (ii) not paid interest on overdue term deposits from the date of maturity till the date of repayment at the applicable rate. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1143
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on People’s Co-operative Bank Ltd., Dholka, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ and ‘Co-operative Banks - Interest Rate on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) sanctioned a loan to a relative of one of its directors, and (ii) not paid interest on overdue term deposits from the date of maturity till the date of repayment at the applicable rate. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1143
The Reserve Bank of India (RBI) has, by an order dated September 18, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Chhapi Nagarik Sahakari Bank Ltd., Banaskantha, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had sanctioned loan to a relative of one of its directors. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1144
The Reserve Bank of India (RBI) has, by an order dated September 18, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Chhapi Nagarik Sahakari Bank Ltd., Banaskantha, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had sanctioned loan to a relative of one of its directors. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1144
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Mahila Co-operative Nagrik Bank Ltd., Bharuch, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) breached inter-bank gross and counterparty exposure limits, and (ii) not carried out review of risk categorization of accounts as per prescribed periodicity. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1140
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Mahila Co-operative Nagrik Bank Ltd., Bharuch, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had (i) breached inter-bank gross and counterparty exposure limits, and (ii) not carried out review of risk categorization of accounts as per prescribed periodicity. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1140
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Maintenance of Cash Reserve Ratio (CRR)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank had (i) breached the prudential inter-bank gross exposure limit, (ii) breached the prudential inter-bank counterparty exposure limit, and (iii) not maintained minimum Cash Reserve Ratio (CRR) for certain days. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1117
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹4.50 lakh (Rupees Four lakh Fifty thousand only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Maintenance of Cash Reserve Ratio (CRR)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto, revealed, inter alia, that the bank had (i) breached the prudential inter-bank gross exposure limit, (ii) breached the prudential inter-bank counterparty exposure limit, and (iii) not maintained minimum Cash Reserve Ratio (CRR) for certain days. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1117
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Sevalia Urban Co-operative Bank Ltd., Sevalia, dist. Kheda, Gujarat (the bank) for non-compliance of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had sanctioned a loan, wherein a relative of one of the bank’s directors stood as surety/guarantor. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1118
The Reserve Bank of India (RBI) has imposed, by an order dated September 18, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Sevalia Urban Co-operative Bank Ltd., Sevalia, dist. Kheda, Gujarat (the bank) for non-compliance of directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’ read with ‘Loans and Advances to Directors etc. - Directors as surety/guarantors – Clarification’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2022, and examination of the Inspection Report, Risk Assessment Report and all correspondence related thereto revealed, inter alia, that the bank had sanctioned a loan, wherein a relative of one of the bank’s directors stood as surety/guarantor. Consequently, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1118
রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া মোবাইল অ্যাপ্লিকেশন ইনস্টল করুন এবং সাম্প্রতিক সংবাদগুলিতে দ্রুত অ্যাক্সেস পান!
পেজের শেষ আপডেট করা তারিখ: জুলাই 29, 2025
