Current Affairs Economy & Banking

RBI Slaps Fine of Rs 1 crore on SBI

Category : Economy & Banking

  RBI in the exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949 has levied a penalty of Rupees one crore on the State Bank of India (SBI) for not monitoring the end use of funds in respect of one of its borrowers.
Source- Moneycontrol


You need to login to perform this action.
You will be redirected in 3 sec spinner