Date:27/11/2008 URL: http://www.thehindu.com/2008/11/27/stories/2008112761700400.htm

Karnataka - Bangalore

Bank penalised

BANGALORE: The Reserve Bank of India (RBI) has penalised Sree Charan Souhardha Cooperative Bank Ltd., Bangalore, with Rs. 5 lakh for violation of the RBI directives on collection of third party account payee cheques, said an official press release. — Staff Reporter