Tag archives: VasaiCity

RBI imposes Rs 49 lakh fine on Bassein Catholic Co-op Bank, Vasai

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RBI imposes Rs 49 lakh fine on Bassein Catholic Co-op Bank, Vasai
The Reserve Bank of India announced on Monday that it has fined Bassein Catholic Co-operative Bank, Vasai, Rs 49 lakh for failing to follow prudential guidelines. The RBI said in a statement that the penalty was levied for failing to follow its instructions on 'Income Recognition, Asset Classification, Provisioning, and Other Related Matters' (IRAC norms).

Unit that manufactured fake branded bottle caps raided in Vasai

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Unit that manufactured fake branded bottle caps raided in Vasai
The Maharashtra Excise Department's Vasai section recently seized a business that made phoney caps for well-known alcoholic beverage brands. The ED apprehended 5 suspects and seized over 2 lakh caps and machinery used to create them during the raid, which was carried out in collaboration with the Palghar unit of the department and valued at Rs 16,57,700.

‘Mentally ill’ man beaten to death over cell phone in Vasai

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‘Mentally ill’ man beaten to death over cell phone in Vasai
A rickshaw driver and his accomplices allegedly kidnapped a 32-year-old "mentally ill" Vasai resident and beat him to death, after alleging he had stolen their phones. The family of the deceased denied the allegation. Police identified the dead as Pradeep Mejiyatar. His sister, Romila Shah, said that he was "mentally ill since his wife left him about 10 years ago".