India  
 
NewsR.in

RBI fines SBI, 2 other banks over norm violation

IndiaTimes Monday, 25 September 2023
The RBI has fined three state-owned banks, including SBI and Indian Bank, for violating regulatory standards. SBI has been fined Rs 1.3 crore for failing to comply with certain RBI loan directives, the central bank said in a statement. In another release, RBI said a Rs 1.6-crore penalty has been imposed on Indian Bank for contravention of certain directions on loans and KYC.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

IMF: How Should Central Banks Explore Central Bank Digital Currency? - The Grift Report [Video]

IMF: How Should Central Banks Explore Central Bank Digital Currency? - The Grift Report

Digitalization of the economy provides both challenges and opportunities. Central banks should ensure that they have the capacity to continue to meet their policy objectives in the digital age. It is..

Credit: RumblePublished