RBI imposes Rs 5 cr penalty on four PSU banks, including SBI, Corporation Bank

The monetary penalty on the banks has been imposed for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, RBI said in a statement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Gm733C