.......In the statutory inspection of the bank under Section 35 of the Act with reference to its financial position as on March 31, 2011, RBI observed that the bank had violated RBI instructions by granting term loans to some borrowers much in excess of the limit of Rs.10.00 lakh prescribed vide the operational instructions. On top of that, the bank had also sanctioned fresh Cash Credit limit to the existing borrowers in excess of Rs10.00 lakh, in 4 cases, again in violation of the operational instructions..............
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