New Delhi, October 18
The RBI on Monday imposed a penalty of Rs 1 crore on SBI and a Rs 1.95 crore-fine on Standard Chartered Bank for the violation of various guidelines.
Fine levied on SBI for non-compliance with the directions contained in ‘RBI (Frauds classification and reporting by commercial banks and select FIs) directions 2016’, the RBI said. — PTI
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