Reserve Bank Penalises United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh


 

United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh, has to remit Rs5lacs to Reserve Bank of India. This is amount of penalty levied on United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh, by Reserve Bank of India, for the following violations:

 

 

  • Non-preparation/ Non-submission/ Non publication of the Balance Sheet, Profit & Loss account and Auditor’s report, for the financial year ended March 31, 2012 – Violation of Section 29 and 31 of the Act, read with Rule 10 of Banking Regulation (Co-operative Societies) Rules, 1966.
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