The Becharaji Nagarik Sahakari Bank Ltd., Becharaji, Dist. Mehsana, Gujarat – Penalised


The Becharaji Nagarik Sahakari Bank Ltd., Becharaji, Dist. Mehsana, Gujarat – Penalised

Today was the turn of another cooperative bank of Mehasa District, Gujarat, to be penalized.

Reserve Bank of India, has imposed monetary penalty of Rs1 lac/- on The Becharaji Nagarik Sahakari Bank Ltd., Becharaji,  Dist. Mehsana, Gujarat

The penalty has been imposed for

01)                       Violation of Reserve Bank of India’s instructions relating to Know Your Customer (KYC) norms and

02)                       Anti Money Laundering (AML) guidelines.

Becharaji, has a population of 1lac and is famous for temple of Bahuchar Mata or Bahucharaji Mata.

Becharaji  is situated in northern part of Gujarat. It is a very popular religious place of Hindu religion. It is among the three Shakti Pith’s worshipped in Gujarat as Bala at Bahucharaji, as Ambika at Ambaji and as Kalika at Pavagadh.

For the development of temple of Bahuchar Mata, Sayajirao Gaekwad extended the Gaekwar‘s Baroda State Railway (GBSR) that was under the control of his state up to Becharaji Gaekwar’s Baroda State GBSR was a narrow gauge and metre gauge railway line and the network is still the largest narrow-gauge railway network in the world.

After India’s independence, in 1949,  the Gaikwad Baroda State Railway was merged with the Bombay, Baroda and Central India Railway

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