RBI imposes Rs 1 Crore Penalty on which bank for violating norms? – InterviewSolution

InterviewSolution

1.	RBI imposes Rs 1 Crore Penalty on which bank for violating norms?
Answer» the Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the State Bank of India (SBI) or violating subsection (2) of section 19 of the Banking Regulation Act, 1949.

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