https://www.taxtmi.com/news?id=12220 The Reserve Bank imposed a monetary penalty on a cooperative bank under Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act for breach of operational instructions issued under Section 36(1). The action followed an inspection as of March 31, 2013, a show cause notice, and the bank's written and oral submissions, which were considered before concluding the violation was substantiated and a penalty warranted. en-us Fri, 03 Jan 2014 18:07:32 +0530 Fri, 03 Jan 2014 18:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12220 The Reserve Bank imposed a monetary penalty on a cooperative bank under Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act for breach of operational instructions issued under Section 36(1). The action followed an inspection as of March 31, 2013, a show cause notice, and the bank's written and oral submissions, which were considered before concluding the violation was substantiated and a penalty warranted. News - Fri, 03 Jan 2014 18:07:32 +0530 https://www.taxtmi.com/news?id=12220