|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1541
|
|
UTTARKASHI ZILA SAHKARI BANK LTD.
|
|
|
SANCTIONED SECURED AND/OR UNSECURED LOANS/ADVANCES TO INDIVIDUALS WHEREIN DIRECTORS OF BANK STOOD AS GUARANTORS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE UNCLAIMED FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD
|
IMPOSED PENALTY RS.2,00,000 FROM 23-AUG-2024
23-AUG-2024
|
|
|
1542
|
|
|
UTTARPARA CO-OPERATIVE 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 ALLOCATE UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC)
|
IMPOSED PENALTY RS.2,50,000 FROM 26-JUN-2023
26-JUN-2023
|
|
|
1543
|
|
|
UTTARSANDA PEOPLES CO-OPERATIVE BANK LTD.
|
|
|
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 23-MAR-2011
23-MAR-2011
|
|
|
1544
|
|
|
VADALI NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
SANCTIONED SECURED AND/OR UNSECURED LOANS/ADVANCES TO INDIVIDUALS WHEREIN DIRECTORS OF BANK STOOD AS GUARANTORS
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 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.2,00,000 FROM 28-JAN-2025
28-JAN-2025
|
|
|
1545
|
|
|
VADNAGAR NAGARIK SAHAKARI BANK LTD.
|
|
|
GRANTED UNSECURED LOANS TO DIRECTOR AND/OR THEIR PROPRIETORSHIP FIRM
DID NOT PAY INTEREST RATE ON DEPOSITS ACCEPT FROM SENIOR CITIZENS AS PER SCHEDULE OF INTEREST RATES DISCLOSE IN ADVANCE
|
IMPOSED PENALTY RS.2,00,000 FROM 18-SEP-2023
18-SEP-2023
|
|
|
1546
|
|
|
VAIJAPUR MERCHANTS CO-OPERATIVE BANK LTD.,THE
|
|
|
MADE DONATION TO CERTAIN ENTITY AND OFFERED HIGHER INTEREST RATES ON DEPOSITS (FRESH/RENEWAL) THAN THOSE OFFERED BY SBI
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON ROBUST SOFTWARE TO THROW ALERTS AS PART OF EFFECTIVE IDENTIFICATION OF ACCOUNTS, MONITORING AND/OR REPORTING OF SUSPICIOUS TRANSACTIONS
|
IMPOSED PENALTY RS.7,50,000 FROM 21-OCT-2024
21-OCT-2024
|
|
|
1547
|
|
|
VAIJAPUR MERCHANTS CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED FRESH HYPOTHECATION LOAN BEYOND REVISED EXPOSURE LIMIT
|
IMPOSED PENALTY RS.2,50,000 FROM 25-APR-2024
25-APR-2024
|
|
|
1548
|
|
|
VAIJAPUR MERCHANTS 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
|
IMPOSED PENALTY RS.4,00,000 FROM 14-FEB-2023
14-FEB-2023
|
|
|
1549
|
|
|
VAISH CO-OPERATIVE ADARSH BANK LTD.,THE
|
|
|
DID NOT ALLOCATE UNIQUE CUSTOMER IDENTIFICATION CODE (UCIC)
|
IMPOSED PENALTY RS.1,00,000 FROM 17-APR-2024
17-APR-2024
|
|
|
1550
|
|
|
VAISH CO-OPERATIVE COMMERCIAL BANK LTD.,THE
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE INVESTMENT, INCUR LIABILITIES, BORROW, DEAL IN PROPERTIES ETC. WITHOUT APPROVAL OF RBI IN WRITING FROM 08-SEP-2015
08-SEP-2015
|
RBI VIDE ITS ORDER DATED 06/09/2016, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF SIX MONTHS FROM 09/09/2016 TO 08/03/2017
RBI VIDE ITS ORDER DATED 06/09/2016, EXTENDED THE PERIOD FOR A FURTHER PERIOD OF SIX MONTHS FROM 25/02/2016 TO 08/09/2016
RBI VIDE ITS ORDER DATED 08/03/2017, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF SIX MONTHS FROM 09/03/2017 TO 08/08/2017
RBI VIDE ITS ORDER DATED 08/09/2017, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF FOUR MONTHS FROM 09/09/2017 TO 08/01/2018
RBI VIDE ITS ORDER DATED 08/01/2018, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF SIX MONTHS FROM 09/01/2018 TO 08/07/2018
RBI VIDE ITS ORDER DATED 05/07/2018, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF THREE MONTHS FROM 09/07/2018 TO 08/10/2018
RBI VIDE ITS ORDER DATED 05/10/2018, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF FOUR MONTHS FROM 09/10/2018 TO 08/02/2019
RBI VIDE ITS ORDER DATED 08/02/2019, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF SIX MONTHS FROM 09/02/2019 TO 08/08/2019
RBI VIDE ITS ORDER DATED 07/08/2019, AGAIN EXTENDED THE PERIOD FOR A FURTHER PERIOD OF SIX MONTHS FROM 09/08/2019 TO 08/02/2020
RBI VIDE ITS ORDER DATED 10/02/2020, DIRECTED TO CONTINUE DIRECTIONS DATED 28/08/2015 FOR FURTHER SIX MONTHS FROM 09/02/2020 TO 08/08/2020
RBI VIDE ITS ORDER DATED 08/02/2021, DIRECTED TO CONTINUE DIRECTIONS DATED 28/08/2015 FOR FURTHER PERIOD OF THREE MONTHS FROM 09/02/2021 TO 08/05/2021
|
|
1551
|
|
|
VAISHALI DISTRICT CENTRAL 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 11-JUL-2024
11-JUL-2024
|
|
|
1552
|
|
|
VAISHALI SHAHARI VIKAS CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL
|
CANCELLED BANKING LICENSE FROM 27-DEC-2024
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 27-DEC-2024
27-DEC-2024
|
|
|
1553
|
|
|
VAISHALI SHAHARI VIKAS CO-OPERATIVE BANK LTD.,THE
|
|
|
OPENED BRANCHES WITHOUT OBTAINING PRIOR PERMISSION OF RBI
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE ANY INVESTMENT, INCUR ANY LIABILITIES INCLUDING BORROWAL OF FUNDS AND ACCEPTANCE OF FRESH DEPOSITS, DISBURSE OR AGREE TO DISBURSE ANY PAYMENT WHETHER IN DISCHARGE OF ITS LIABILITIES AND OBLIGATIONS OR OTHERWISE, ENTER INTO ANY COMPROMISE OR ARRANGEMENT AND SELL, TRANSFER OR OTHERWISE DISPOSE OF ANY OF ITS PROPERTIES OR ASSETS FROM 14-JUN-2023 TO 13-JAN-2024
14-JUN-2023
|
RBI VIDE ITS ORDER DATED 11/12/2023, DIRECTED TO CONTINUE DIRECTIVE DATED 13/06/2022 FOR FURTHER THREE MONTHS FROM 15/12/2023 TO 14/03/2024
RBI VIDE ITS ORDER DATED 13/03/2024, DIRECTED TO CONTINUE DIRECTIONS DATED 13/06/2023 FOR FURTHER THREE MONTHS FROM 15/03/2024 TO 14/06/2024
RBI VIDE ITS ORDER DATED 11/06/2024, DIRECTED TO CONTINUE DIRECTIVE DATED 13/06/2023 FOR FURTHER THREE MONTHS FROM 15/06/2024 TO 14/09/2024
RBI VIDE ITS ORDER DATED 13/09/2024, DIRECTED TO CONTINUE DIRECTIVE DATED 13/06/2023 FOR FURTHER THREE MONTHS FROM 15/09/2024 TO 14/12/2024
RBI VIDE ITS ORDER DATED 13/12/2024, DIRECTED TO CONTINUE DIRECTIVE DATED 13/06/2023 FOR FURTHER THREE MONTHS FROM 15/12/2024 TO 14/03/2025
|
|
1554
|
|
|
VAISHYA SAHAKARI BANK LTD.
|
|
|
DID NOT DEPOSIT PRESCRIBED AMOUNT TO MSE REFINANCE FUND MAINTAIN WITH SIDBI AGAINST SHORTFALL IN ACHIEVEMENT OF PSL TARGET FOR FY 2022-23 WITHIN PRESCRIBED TIME EVEN AFTER ISSUANCE OF CAUTIONARY LETTER
|
IMPOSED PENALTY RS.5,96,000 FROM 12-DEC-2024
12-DEC-2024
|
|
|
1555
|
|
|
VALSAD MAHILA NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1949
|
RESTRAINED FROM GRANTING OR RENEWING ANY LOAN /ADVANCES, MAKE ANY INVESTMENT, INCUR ANY LIABILITIES INCLUDING BORROWAL OF FUNDS AND ACCEPTANCE OF FRESH DEPOSITS, DISBURSE OR AGREE TO DISBURSE ANY PAYMENT WHETHER IN DISCHARGE OF ITS LIABILITIES AND OBLIGATIONS OR OTHERWISE, ENTER INTO ANY COMPROMISE OR ARRANGEMENT AND SELL, TRANSFER OR OTHERWISE DISPOSE OF ANY OF ITS PROPERTIES OR ASSETS FROM 18-DEC-2025 TO 17-JUN-2026
18-DEC-2025
|
RBI VIDE ITS ORDER DATED 15/06/2026, DIRECTED TO CONTINUE DIRECTIVE DATED 17/12/2025 FOR FURTHER THREE MONTHS FROM 18/06/2026 TO 18/09/2026
|
|
1556
|
|
|
VALSAD MAHILA NAGARIK SAHAKARI BANK LTD.,THE
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND/OR CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH IRAC NORMS
DID NOT SUBMIT DATA (INCLUDING HISTORIC DATA) TO THREE CREDIT INFORMATION COMPANIES (CICS)
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
DID NOT CLASSIFY ACCOUNTS AS INOPERATIVE/DORMANT WHERE NO CUSTOMER INDUCED TRANSACTION OCCURRED FOR TWO YEARS
|
IMPOSED PENALTY RS.1,25,000 FROM 14-AUG-2024
14-AUG-2024
|
|
|
1557
|
|
|
VANIYAMBADI TOWN CO-OPERATIVE BANK LTD.,THE
|
|
|
SANCTIONED CREDIT FACILITIES TO SECTORS HAVING HIGH PROPORTION OF NON-PERFORMING ASSETS AND FRESH LOANS & ADVANCES CARRYING RISK WEIGHTS MORE THAN 100% VIOLATING DIRECTIONS ISSUED UNDER SUPERVISORY ACTION FRAMEWORK (SAF)
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) RECORDS OF CERTAIN CUSTOMERS’ ACCOUNTS ON CENTRAL KNOW YOUR CLIENTS (KYC) RECORDS REGISTRY
|
IMPOSED PENALTY RS.1,00,000 FROM 29-SEP-2025
29-SEP-2025
|
|
|
1558
|
|
|
VARACHHA CO-OPERATIVE BANK LTD.THE,
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON LOANS & ADVANCES TO DIRECTORS ETC AS SURETY/GUARANTORS CLASSIFICATION OF UCBS
|
IMPOSED PENALTY RS.1,00,000 FROM 16-SEP-2022
16-SEP-2022
|
|
|
1559
|
|
|
VARACHHA CO-OPERATIVE BANK LTD.THE,
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DEPOSITOR EDUCATION AND AWARENESS FUND SCHEME, 2014
|
IMPOSED PENALTY RS.1,00,000 FROM 19-JAN-2022
19-JAN-2022
|
|
|
1560
|
|
|
VARADA CO-OPERATIVE BANK LTD.
|
|
|
IRRETRIEVABLE AND WEAK FINANCIAL CONDITION
|
REJECTION OF APPLICATION FOR BANKING LICENSE FROM 18-APR-2007
18-APR-2007
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
78
of
82
|
