RBI issue show-cause notice to three co-operative banks, imposes penalty
RBI said this action was in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949
RBI said this action was in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949
Ruling out income tax exemption for cooperative banks, Finance Minister Arun Jaitley on Friday said they were no different from…