RBI imposes penalty of Rs 1 crore on State Bank of India over non-compliance of directions

"This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47A (1) (c) read with sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949," read the Central Bank circular.​​

from Banking/Finance-Industry-Economic Times https://ift.tt/2XmgZUT