https://www.taxtmi.com/news?id=11797 The Reserve Bank exercised its enforcement powers under Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act to impose a monetary penalty on Prime Co operative Bank Ltd., Surat for violations of RBI instructions concerning issuance of Demand Drafts and Pay Orders during April 1, 2010 to March 31, 2013, after serving a Show Cause Notice, considering the bank's written reply and personal submissions and concluding the contraventions were substantiated. en-us Thu, 03 Oct 2013 17:02:47 +0530 Thu, 03 Oct 2013 17:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11797 The Reserve Bank exercised its enforcement powers under Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act to impose a monetary penalty on Prime Co operative Bank Ltd., Surat for violations of RBI instructions concerning issuance of Demand Drafts and Pay Orders during April 1, 2010 to March 31, 2013, after serving a Show Cause Notice, considering the bank's written reply and personal submissions and concluding the contraventions were substantiated. News - Thu, 03 Oct 2013 17:02:47 +0530 https://www.taxtmi.com/news?id=11797