RBI Fines SBI Rs 7 Crore For Not Complying With Fraud Reporting, Other Norms
A State Bank of India Ltd. (SBI) building stands illuminated at night in Mumbai.(Photographer: Dhiraj Singh/Bloomberg)

RBI Fines SBI Rs 7 Crore For Not Complying With Fraud Reporting, Other Norms

The Reserve Bank of India has imposed a Rs 7-crore penalty on State Bank of India for not complying with, among other things, the central bank’s norms on reporting frauds and income recognition.Aft...
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.