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RBI imposes penalty on Bhavana Rishi Co-operative Urban Bank Ltd. Hyderabad Telangana

Dated:- 28-4-2015 - The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exe .....

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n 20A of Banking Regulation Act, 1949 (AACS) and directives/guidelines of the Reserve Bank on loans and advances to directors and their relatives. The Reserve bank of India had issued a show-cause not .....

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