https://www.taxtmi.com/news?id=4111 A regulatory monetary penalty was imposed following a show cause process and examination of the bank's reply, concluding that multiple breaches of prudential and operational norms were substantiated. Breaches included directives on on site ATM openings, extension of finance outside the area of operations, excessive exposure to housing and real estate, single party exposure limits, unsecured advance limits, loans to directors, issuance of guarantees for non customers, and non filing of Suspicious Transaction Reports. en-us Wed, 28 Nov 2012 10:24:22 +0530 Wed, 28 Nov 2012 10:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4111 A regulatory monetary penalty was imposed following a show cause process and examination of the bank's reply, concluding that multiple breaches of prudential and operational norms were substantiated. Breaches included directives on on site ATM openings, extension of finance outside the area of operations, excessive exposure to housing and real estate, single party exposure limits, unsecured advance limits, loans to directors, issuance of guarantees for non customers, and non filing of Suspicious Transaction Reports. News - Wed, 28 Nov 2012 10:24:22 +0530 https://www.taxtmi.com/news?id=4111