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Business

RBI imposes Rs 2 lakh penalty on TDCC Bank for sanctioning loan to director The Reserve Bank of India (RBI) has said it has imposed a penalty of Rs 2 lakh on the Thane District Central Co-operative (TDCC) Bank for alleged violation of banking regulations by sanctioning loan to one of the directors of the bank.

Disney, Reliance sign pre-deal agreement, meg Walt Disney and Reliance Industries Ltd (RIL) inked a non-binding term sheet in London last week to advance with plans to merge their India-based media operations, acc