RBI Slaps Rs 2 Crore Penalty On SBI For ‘Deficiencies In Regulatory Compliance’

RBI has slapped a penalty of Rs 2 crore on SBI over “deficiencies in regulatory compliance”, an official statement said on March 16. “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers,” the RBI said in a press release.

Source: The Money Control

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