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S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1501
|
|
VASANTDADA NAGARI SAHAKARI BANK LTD.
|
|
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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
|
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1502
|
|
|
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
|
|
|
1503
|
|
|
VASANTDADA SHETKARI SAHAKARI BANK LTD.
|
|
|
CEASED TO BE SOLVENT
|
CANCELLED BANKING LICENSE FROM 07-JAN-2009
07-JAN-2009
|
|
|
1504
|
|
|
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
|
|
|
1505
|
|
|
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
|
|
|
1506
|
|
|
VEJALPUR NAGRIK SAHAKARI BANK LTD.,THE
|
|
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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
|
|
|
1507
|
|
|
VELLORE CO-OPERATIVE TOWN BANK LTD.,THE
|
|
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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
|
|
|
1508
|
|
|
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
|
|
|
1509
|
|
|
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
|
|
|
1510
|
|
|
VIDYASAGAR CENTRAL CO-OPERATIVE BANK LTD.
|
|
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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
|
|
|
1511
|
|
|
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
|
|
|
1512
|
|
|
VIJAPUR NAGARIK SAHAKARI BANK LTD.,THE
|
|
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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
|
|
|
1513
|
|
|
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
|
|
|
1514
|
|
|
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
|
|
|
1515
|
|
|
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
|
|
|
1516
|
|
|
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
|
|
|
1517
|
|
|
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
|
|
|
1518
|
|
|
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
|
|
|
1519
|
|
|
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
|
|
|
1520
|
|
|
VISHWAKALYAN SAHAKARA BANK NIYAMIT
|
|
|
DELAY IN SUBMITTING STATUTORY RETURNS TO RBI
|
IMPOSED PENALTY RS.50,000 FROM 06-MAY-2025
06-MAY-2025
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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