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.