https://www.taxtmi.com/news?id=11575 Violation concerns related party lending restrictions and breach of RBI operational instructions governing loans and advances to directors, their relatives and firms/concerns in which they are interested. The Reserve Bank exercised its statutory supervisory powers under the Banking Regulation Act to impose a monetary penalty after issuing a show cause notice and considering the bank's written reply. en-us Thu, 22 Aug 2013 16:51:30 +0530 Thu, 22 Aug 2013 16:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11575 Violation concerns related party lending restrictions and breach of RBI operational instructions governing loans and advances to directors, their relatives and firms/concerns in which they are interested. The Reserve Bank exercised its statutory supervisory powers under the Banking Regulation Act to impose a monetary penalty after issuing a show cause notice and considering the bank's written reply. News - Thu, 22 Aug 2013 16:51:30 +0530 https://www.taxtmi.com/news?id=11575