https://www.taxtmi.com/news?id=12253 Monetary penalty under the Banking Regulation framework was imposed for related-party lending, suppression of required disclosures and furnishing false information. The Reserve Bank exercised powers to penalise a cooperative bank for sanctioning and renewing loans to directors, their relatives and firms in which directors were interested, failing to report those transactions in the prescribed quarterly proforma and providing misleading information to the inspecting officer. en-us Mon, 13 Jan 2014 18:31:49 +0530 Mon, 13 Jan 2014 18:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12253 Monetary penalty under the Banking Regulation framework was imposed for related-party lending, suppression of required disclosures and furnishing false information. The Reserve Bank exercised powers to penalise a cooperative bank for sanctioning and renewing loans to directors, their relatives and firms in which directors were interested, failing to report those transactions in the prescribed quarterly proforma and providing misleading information to the inspecting officer. News - Mon, 13 Jan 2014 18:31:49 +0530 https://www.taxtmi.com/news?id=12253