Vasai Vikas Sahakari Bank Limited
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
RBI fines Vasai Vikas Sahakari Bank
Fine or penalty
The Reserve Bank of India imposed a Rs 90 lakh monetary penalty on Vasai Vikas Sahakari Bank for non-compliance with its directions. The RBI said the charge was substantiated after considering the bank’s replies and oral submissions.
Source excerpt
The Reserve Bank of India has imposed a monetary penalty of Rs 90.00 lakh on Vasai Vikas Sahakari Bank Ltd., Vasai, Maharashtra.
the RBI concluded that the charge of non-compliance was substantiated and warranted imposition of monetary penalty.