https://www.taxtmi.com/news?id=12545 The regulator determined, after issuing a Show Cause Notice and considering the bank's written reply, that Almora Urban Cooperative Bank Ltd. had violated directives restricting loans and advances to directors, their relatives and related concerns; accordingly, the regulator imposed a monetary penalty under its statutory powers applicable to cooperative societies to enforce related party lending limits and compliance obligations. en-us Wed, 05 Mar 2014 18:49:33 +0530 Wed, 05 Mar 2014 18:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12545 The regulator determined, after issuing a Show Cause Notice and considering the bank's written reply, that Almora Urban Cooperative Bank Ltd. had violated directives restricting loans and advances to directors, their relatives and related concerns; accordingly, the regulator imposed a monetary penalty under its statutory powers applicable to cooperative societies to enforce related party lending limits and compliance obligations. News - Wed, 05 Mar 2014 18:49:33 +0530 https://www.taxtmi.com/news?id=12545