https://www.taxtmi.com/news?id=12488 Monetary penalty imposed under statutory powers for violation of guidelines on diversion of funds by a cooperative bank. A show cause notice was issued, the bank submitted a written reply, and after considering the facts and response the regulator concluded the violation was substantiated and imposed a monetary penalty under the Banking Regulation Act (as applicable to co-operative societies). en-us Thu, 20 Feb 2014 17:11:21 +0530 Thu, 20 Feb 2014 17:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12488 Monetary penalty imposed under statutory powers for violation of guidelines on diversion of funds by a cooperative bank. A show cause notice was issued, the bank submitted a written reply, and after considering the facts and response the regulator concluded the violation was substantiated and imposed a monetary penalty under the Banking Regulation Act (as applicable to co-operative societies). News - Thu, 20 Feb 2014 17:11:21 +0530 https://www.taxtmi.com/news?id=12488