Page 4 - Frauds Classification News Today

The bank was notified to show cause "why a penalty should not be levied for the non-compliance with the aforementioned directives".

The RBI, on Monday, imposed a monetary penalty of Rs 1 crore on the SBI.

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the State Bank of India.The penalty was imposed on the lender for non-compliance with the directions contained in Reserve Bank of India (Frauds ...