Vidyasagar Central Co-operative Bank Limited

RBI has imposed a ₹2 lakh penalty on Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal. The action was for non-compliance with RBI’s housing finance directions and breach of the exposure limit on housing finance.

The bank must absorb the penalty and continue operating subject to RBI compliance expectations. The order does not itself impose a business restriction, but it signals continued supervisory scrutiny and potential for further action if similar non-compliance persists. No direct customer-level operational change is stated in the release.

• section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI has imposed a ₹1.50 lakh penalty on Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal. The penalty was for non-compliance with RBI directions on housing finance.

The bank must absorb the monetary penalty; the release does not describe any additional operational restriction or licence impact. No explicit deadline or ongoing remedial order is stated beyond the penalty itself.

• Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949