|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1541
|
|
VIRAMGAM MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DEFAULTED IN MAINTENANCE OF CASH RESERVE RATIO
|
IMPOSED PENALTY RS.2,00,000 FROM 12-DEC-2022
12-DEC-2022
|
|
|
1542
|
|
|
VIRAMGAM MERCANTILE CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT SUBMIT CTR/STR IN RESPECT OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH
VIOLATED INSTRUCTIONS ON PERSISTENCE OF IRREGULARITIES OF PREVIOUS INSPECTION REPORT AND REQUIREMENT OF REPORTING OF CASH TRANSACTIONS IN EXCESS OF RS.10 LAKH TO FIU-IND,AS REQUIRED UNDER AML DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.1,00,000 FROM 22-FEB-2011
22-FEB-2011
|
|
|
1543
|
|
|
VISAKHAPATNAM CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI IN RELATION TO INCOME RECOGNITION, ASSET CLASSIFICATION AND PROVISIONING DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON FINANCE FOR HOUSING SCHEMES (UCBS)
|
IMPOSED PENALTY RS.55,00,000 FROM 25-AUG-2022
25-AUG-2022
|
|
|
1544
|
|
|
VISHWAKALYAN SAHAKARA BANK NIYAMIT
|
|
|
DELAY IN SUBMITTING STATUTORY RETURNS TO RBI
|
IMPOSED PENALTY RS.50,000 FROM 06-MAY-2025
06-MAY-2025
|
|
|
1545
|
|
|
VISHWAKALYAN SAHAKARA BANK NIYAMIT
|
|
|
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 05-JUN-2024
05-JUN-2024
|
|
|
1546
|
|
|
VISHWAKARMA NAGARI SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 12-SEP-2013
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 12-SEP-2013
12-SEP-2013
|
|
|
1547
|
|
|
VISHWANATHRAO PATIL MURGUD SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.1,00,000 FROM 08-AUG-2023
08-AUG-2023
|
|
|
1548
|
|
|
VITA MERCHANTS’ CO-OPERATIVE BANK LTD.
|
|
|
SANCTIONED LOANS TO NOMINAL MEMBERS BEYOND PRESCRIBED REGULATORY LIMIT
DID NOT COMMUNICATE LEVY OF PENAL CHARGES AND THE REASONS THEREOF TO CERTAIN BORROWERS
|
IMPOSED PENALTY RS.3,10,000 FROM 13-FEB-2026
13-FEB-2026
|
|
|
1549
|
|
|
VITTHAL NAGARI SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO REQUIREMENTS OF MINIMUM CAPITAL AND RESERVES
DID NOT HAVE ADEQUATE ASSETS TO MEET ITS OUTSIDE LIABILITIES
|
CANCELLED BANKING LICENSE FROM 26-JUN-2015
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 26-JUN-2015
26-JUN-2015
|
|
|
1550
|
|
|
VRIDDHACHALAM CO-OPERATIVE URBAN BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS AND/OR ADVANCES TO DIRECTORS AND THEIR RELATIVES
|
IMPOSED PENALTY RS.2,00,000 FROM 15-MAY-2018
15-MAY-2018
|
|
|
1551
|
|
|
VYAPARI SAHAKARI BANK MARYADIT
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON GIVING DONATION EXCEEDING PRESCRIBED LIMIT
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON BOARD OF DIRECTORS OF URBAN CO-OPERATIVE BANKS (UCBS) IN RELATION TO DIRECTOR RELATED LOANS
|
IMPOSED PENALTY RS.2,00,000 FROM 24-MAR-2023
24-MAR-2023
|
|
|
1552
|
|
|
VYAPARIK AUDHYOGIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON INTER-BANK (GROSS) EXPOSURE LIMITS
|
IMPOSED PENALTY RS.1,00,000 FROM 20-FEB-2023
20-FEB-2023
|
|
|
1553
|
|
|
VYAVASAYIK EVAM AUDYOGIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPERATIONAL MATTERS
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 OF RBI ON INSPECTION COMPLIANCE
|
IMPOSED PENALTY RS.5,00,000 FROM 02-APR-2014
02-APR-2014
|
|
|
1554
|
|
|
VYAVASAYIK EVAM AUDYOGIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON MAXIMUM LIMITS ON UNSECURED ADVANCES/LOANS
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 OF RBI ON INSPECTION COMPLIANCE
|
IMPOSED PENALTY RS.5,00,000 FROM 18-OCT-2012
18-OCT-2012
|
|
|
1555
|
|
|
VYAVASAYIK SAHAKARI BANK MARYADIT
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPENING OF ON-SITE ATMS
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
|
IMPOSED PENALTY RS.5,00,000 FROM 04-JAN-2021
04-JAN-2021
|
|
|
1556
|
|
|
VYAVSAIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON BOARD OF DIRECTORS OF URBAN CO-OPERATIVE BANKS (UCBS)
|
IMPOSED PENALTY RS.3,00,000 FROM 11-FEB-2022
11-FEB-2022
|
|
|
1557
|
|
|
VYAVSAYIK EVAM AUDHYOGIK SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.1,00,000 FROM 18-MAR-2021
18-MAR-2021
|
|
|
1558
|
|
|
VYAVSAYIK SAHKARI 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 ANTI MONEY LAUNDERING (AML) DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.1,00,000 FROM 10-DEC-2015
10-DEC-2015
|
|
|
1559
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
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.50,000 FROM 11-MAR-2026
11-MAR-2026
|
|
|
1560
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ALLOCATE UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC)
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.4,00,000 FROM 10-AUG-2023
10-AUG-2023
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
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|
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