https://www.taxtmi.com/news?id=2453 Inspections of cooperative banks reveal statutory and operational deficiencies-non-maintenance of minimum capital, shortfalls in Cash Reserve Ratio and Statutory Liquidity Ratio, breaches of the Banking Regulation Act (as applicable to cooperative societies), irregular loan sanctions, and investment guideline violations. Deficiencies are communicated to banks and the state Registrar of Cooperative Societies for rectification and are monitored through a compliance mechanism; serious violations attract penalties under the statutory Banking Regulation penalty provisions. en-us Fri, 25 Nov 2011 19:00:54 +0530 Fri, 25 Nov 2011 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2453 Inspections of cooperative banks reveal statutory and operational deficiencies-non-maintenance of minimum capital, shortfalls in Cash Reserve Ratio and Statutory Liquidity Ratio, breaches of the Banking Regulation Act (as applicable to cooperative societies), irregular loan sanctions, and investment guideline violations. Deficiencies are communicated to banks and the state Registrar of Cooperative Societies for rectification and are monitored through a compliance mechanism; serious violations attract penalties under the statutory Banking Regulation penalty provisions. News - Fri, 25 Nov 2011 19:00:54 +0530 https://www.taxtmi.com/news?id=2453