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Home Banks

Maharashtra State Cooperative Bank in dock again

akshaykumar by akshaykumar
May 30, 2012
in Banks
2
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Maharashtra State Cooperative Bank is being charged with hiding some material and important information from its stakeholders.

Buzz is some crucial pages are missing from the auditor’s report and this gives rise to widespread speculation about the bank   systematically indulging in irregularities.

There are reports of the bank refusing to share information with its stakeholders.

The bank is accused of not abiding by the principle of transparency and getting its reputation further besmirched by its reckless behaviour.

Tags: cooperative bankDockhiding informationmaharashtra state cooperative bankMSCBshareholders
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