|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1241
|
|
VISHWAKALYAN SAHAKARA BANK NIYAMIT
|
|
|
DELAY IN SUBMITTING STATUTORY RETURNS TO RBI
|
IMPOSED PENALTY RS.50,000 FROM 06-MAY-2025
06-MAY-2025
|
|
|
1242
|
|
|
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
|
|
|
1243
|
|
|
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
|
|
|
1244
|
|
|
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
|
|
|
1245
|
|
|
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
|
|
|
1246
|
|
|
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
|
|
|
1247
|
|
|
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
|
|
|
1248
|
|
|
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
|
|
|
1249
|
|
|
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
|
|
|
1250
|
|
|
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
|
|
|
1251
|
|
|
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
|
|
|
1252
|
|
|
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
|
|
|
1253
|
|
|
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
|
|
|
1254
|
|
|
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
|
|
|
1255
|
|
|
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
|
|
|
1256
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON CREDIT INFORMATION COMPANIES (REGULATION) ACT, 2005
|
IMPOSED PENALTY RS.5,000 FROM 08-MAR-2021
08-MAR-2021
|
|
|
1257
|
|
|
WALCHANDNAGAR SAHAKARI BANK LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON DELAYED/NON-SUBMISSION OF COMPLIANCE TO VARIOUS IRREGULARITIES
DID NOT SUBMIT REPLY TO SHOW CAUSE NOTICE/S
|
IMPOSED PENALTY RS.5,00,000 FROM 24-DEC-2018
24-DEC-2018
|
|
|
1258
|
|
|
WARDHA DIST.ASHIRWAD MAHILA NAGARI SAHAKARI BANK MARYADIT
|
|
|
DID NOT ADHERE TO PRESCRIBED REGULATORY CEILING ON CERTAIN ADVANCES
|
IMPOSED PENALTY RS.20,000 FROM 15-JUN-2026
15-JUN-2026
|
|
|
1259
|
|
|
WASHIM URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI
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 06-OCT-2015
06-OCT-2015
|
|
|
1260
|
|
|
YASHWANT CO-OPERATIVE 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
SANCTIONED LOANS THAT BREACHED CEILING ON UNSECURED ADVANCES AND EXPOSURE TO INDIVIDUAL MEMBERS AND NOMINAL MEMBERS
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 ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND
LEVIED PENAL CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE IN SB ACCOUNTS WITHOUT NOTIFYING CUSTOMERS
|
IMPOSED PENALTY RS.5,00,000 FROM 16-JUL-2024
16-JUL-2024
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
63
of
64
|
