|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1521
|
|
VASAI VIKAS SAHAKARI BANK LTD.
|
|
|
DELAY IN REPORTING OF FRAUDS TO RBI AND/OR NABARD
|
IMPOSED PENALTY RS.20,00,000 FROM 29-SEP-2022
29-SEP-2022
|
|
|
1522
|
|
|
VASAI VIKAS SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MANAGEMENT OF ADVANCES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.90,00,000 FROM 26-OCT-2021
26-OCT-2021
|
|
|
1523
|
|
|
VASAI VIKAS SAHAKARI BANK LTD.
|
|
|
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 DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAXIMUM LIMITS ON UNSECURED ADVANCES/LOANS
GRANTED UNSECURED ADVANCES TO DIRECTOR RELATED FIRM
ALLOWED LIMITS BEYOND EXPOSURE CEILING
|
IMPOSED PENALTY RS.5,00,000 FROM 01-JUL-2010
01-JUL-2010
|
|
|
1524
|
|
|
VASANTDADA NAGARI SAHAKARI BANK LTD.
|
|
|
NOT IN A POSITION TO PAY ITS PRESENT AND FUTURE DEPOSITORS IN FULL AS AND WHEN THEIR CLAIMS ACCRUE
|
CANCELLED BANKING LICENSE FROM 08-JAN-2021
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 08-JAN-2021
08-JAN-2021
|
|
|
1525
|
|
|
VASANTDADA NAGARI SAHAKARI BANK LTD.
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
PLACED UNDER DIRECTIONS FROM 13-NOV-2017
13-NOV-2017
|
RBI VIDE ITS ORDER DATED 30/10/2018, EXTENDED PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF FOUR MONTHS FROM 14/11/2018 TO 13/03/2019
RBI VIDE ITS ORDER DATED 14/03/2019, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 14/03/2019 TO 13/06/2019
RBI VIDE ITS ORDER DATED 14/06/2019, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 14/06/2019 TO 13/09/2019
RBI VIDE ITS ORDER DATED 18/09/2019, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF ONE MONTH FROM 14/09/2019 TO 13/10/2019
RBI VIDE ITS ORDER DATED 16/10/2019, AGAIN EXTENDED DIRECTIONS FOR A FURTHER PERIOD OF THREE AND HALF MONTHS FROM 14/10/2019 TO 31/01/2020
RBI VIDE ITS ORDER DATED 05/02/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 13/11/2017 FOR FURTHER TWO MONTHS FROM 01/02/2020 TO 31/03/2020 SUBJECT TO REVIEW
RBI VIDE ITS ORDER DATED 31/03/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 13/11/2017 FOR FURTHER TWO MONTHS FROM 01/04/2020 TO 31/05/2020
RBI VIDE ITS ORDER DATED 27/05/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 13/11/2017 FOR FURTHER TWO MONTHS FROM 01/06/2020 TO 31/07/2020
RBI VIDE ITS ORDER DATED 30/07/2020, EXTENDED PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF TWO MONTHS FROM 01/08/2020 TO 30/09/2020
RBI VIDE ITS ORDER DATED 30/09/2020, EXTENDED PERIOD OF DIRECTIONS FOR A FURTHER PERIOD OF THREE MONTHS FROM 01/10/2020 TO 31/12/2020
RBI VIDE ITS ORDER DATED 31/12/2020 DIRECTED TO CONTINUE DIRECTIONS TO APPLY TO BANK FOR FURTHER THREE MONTHS FROM 01/01/2021 TO 31/03/2021
|
|
1526
|
|
|
VASANTDADA NAGARI SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAXIMUM LIMITS ON UNSECURED ADVANCES/LOANS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PROHIBITING LOANS & ADVANCES TO DIRECTORS & THEIR RELATIVES AND FIRMS/COMPANIES/CONCERNS IN WHICH THEY ARE INTERESTED
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,00,000 FROM 16-APR-2013
16-APR-2013
|
|
|
1527
|
|
|
VASANTDADA SHETKARI SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 07-JAN-2009
07-JAN-2009
|
|
|
1528
|
|
|
VASAVI CO-OPERATIVE URBAN BANK LTD.,THE
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 14-JUL-2014
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 14-JUL-2014
14-JUL-2014
|
|
|
1529
|
|
|
VEERSHAIVA CO-OPERATIVE BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 30-DEC-2011
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 30-DEC-2011
30-DEC-2011
|
|
|
1530
|
|
|
VEJALPUR NAGRIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.25,000 FROM 30-OCT-2023
30-OCT-2023
|
|
|
1531
|
|
|
VELLORE CO-OPERATIVE TOWN BANK LTD.,THE
|
|
|
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.50,000 FROM 26-MAR-2025
26-MAR-2025
|
|
|
1532
|
|
|
VEPAR UDHYOG VIKAS SAHAKARI BANK LTD.,THE
|
|
|
DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,50,000 FROM 12-NOV-2024
12-NOV-2024
|
|
|
1533
|
|
|
VIDYANANAD CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PRUDENTIAL INTER-BANK (GROSS) EXPOSURE LIMITS AND/OR INTER-BANK COUNTER PARTY EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000 FROM 07-DEC-2023
07-DEC-2023
|
|
|
1534
|
|
|
VIDYASAGAR CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON BANK’S TOTAL EXPOSURE TO HOUSING FINANCE
|
IMPOSED PENALTY RS.2,00,000 FROM 22-OCT-2024
22-OCT-2024
|
|
|
1535
|
|
|
VIDYASAGAR CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LIMITING QUANTUM OF HOUSING LOAN THAT CAN BE GRANTED TO INDIVIDUAL BORROWER BY A DISTRICT CENTRAL CO-OPERATIVE BANK
|
IMPOSED PENALTY RS.1,50,000 FROM 14-SEP-2023
14-SEP-2023
|
|
|
1536
|
|
|
VIJAPUR NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
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 CARRY OUT CUSTOMER DUE DILIGENCE IN CERTAIN ACCOUNTS
|
IMPOSED PENALTY RS.1,00,000 FROM 04-NOV-2024
04-NOV-2024
|
|
|
1537
|
|
|
VIJAY COMMERCIAL CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CARRYING OUT PERIODIC UPDATION OF “KNOW YOUR CLIENTS” OF CUSTOMERS AS PER RISK CATEGORISATION OF CUSTOMERS AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,00,000 FROM 15-NOV-2024
15-NOV-2024
|
|
|
1538
|
|
|
VIJAY CO-OPERATIVE BANK LTD.,THE
|
|
|
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 INSTRUCTIONS OF RBI IN RESPECT OF DECLARATION/DISBURSAL OF DIVIDEND TO SHAREHOLDERS
|
IMPOSED PENALTY RS.5,00,000 FROM 29-OCT-2012
29-OCT-2012
|
|
|
1539
|
|
|
VIJAYAPURA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED RBI’S DIRECTIVES ON LOANS TO DIRECTORS
|
IMPOSED PENALTY RS.1,00,000 FROM 19-AUG-2025
19-AUG-2025
|
|
|
1540
|
|
|
VIRAMGAM MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED AND/OR RENEWED 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
INCURRED CAPITAL EXPENDITURE WITHOUT PRIOR APPROVAL OF RBI
|
IMPOSED PENALTY RS.5,00,000 FROM 22-AUG-2023
22-AUG-2023
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
77
of
80
|
