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RBI imposes penalty on Shriram City Union, Hinduja Leyland Finance

RBI imposes penalty on Shriram City Union, Hinduja Leyland Finance

Tuesday, April 11, 2017, 9:51 PM

The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on Shriram City Union Finance and Hinduja Leyland Finance of Rs 20 lakh and Rs 5 lakh respectively. The penalty was imposed for violation of directions/orders issued by Reserve Bank of India from time to time, RBI said on its website.
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