|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1561
|
|
VARDHMAN 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 PLACE APPROPRIATE SYSTEM FOR IDENTIFICATION OF SUSPICIOUS TRANSACTIONS
DID NOT FILE SUSPICIOUS TRANSACTION REPORT (STR)
DID NOT IMPLEMENT RISK CATEGORISATION OF CUSTOMERS
|
IMPOSED PENALTY RS.5,00,000 FROM 05-NOV-2015
05-NOV-2015
|
|
|
1562
|
|
|
VASAI JANATA SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON EXPOSURE DIRECTIVES/INSTRUCTIONS/GUIDELINES AND STATUTORY/OTHER RESTRICTIONS
|
IMPOSED PENALTY RS.2,00,000 FROM 20-JAN-2022
20-JAN-2022
|
|
|
1563
|
|
|
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
|
|
|
1564
|
|
|
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
|
|
|
1565
|
|
|
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
|
|
|
1566
|
|
|
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
|
|
|
1567
|
|
|
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
|
|
1568
|
|
|
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
|
|
|
1569
|
|
|
VASANTDADA SHETKARI SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 07-JAN-2009
07-JAN-2009
|
|
|
1570
|
|
|
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
|
|
|
1571
|
|
|
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
|
|
|
1572
|
|
|
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
|
|
|
1573
|
|
|
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
|
|
|
1574
|
|
|
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
|
|
|
1575
|
|
|
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
|
|
|
1576
|
|
|
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
|
|
|
1577
|
|
|
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
|
|
|
1578
|
|
|
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
|
|
|
1579
|
|
|
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
|
|
|
1580
|
|
|
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
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
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Page
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