|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1521
|
|
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
|
|
|
1522
|
|
|
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
|
|
|
1523
|
|
|
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
|
|
|
1524
|
|
|
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
|
|
|
1525
|
|
|
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
|
|
|
1526
|
|
|
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
|
|
|
1527
|
|
|
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
|
|
|
1528
|
|
|
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
|
|
|
1529
|
|
|
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
|
|
|
1530
|
|
|
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
|
|
|
1531
|
|
|
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
|
|
|
1532
|
|
|
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
|
|
|
1533
|
|
|
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
|
|
|
1534
|
|
|
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
|
|
|
1535
|
|
|
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
|
|
|
1536
|
|
|
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
|
|
|
1537
|
|
|
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
|
|
|
1538
|
|
|
WARDHA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
|
|
|
DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD
|
REJECTION OF APPLICATION FOR BANKING LICENSE FROM 15-MAY-2014
DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR FROM 15-MAY-2014
PROHIBITED FROM CARRYING ON `BANKING BUSINESS` INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT FROM 15-MAY-2014
15-MAY-2014
|
|
|
1539
|
|
|
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
|
|
|
1540
|
|
|
YASHWANT CO-OPERATIVE 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 28-MAY-2025 TO 28-NOV-2025
28-MAY-2025
|
RBI VIDE ITS ORDER DATED 26/11/2025, DIRECTED TO CONTINUE DIRECTIVE DATED 28/05/2025 FOR FURTHER THREE MONTHS FROM 29/11/2025 TO 28/02/2026
RBI VIDE ITS ORDER DATED 25/02/2026, DIRECTED TO CONTINUE DIRECTIVE DATED 28/05/2025 FOR FURTHER THREE MONTHS FROM 28/02/2026 TO 28/05/2026
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
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