WebMar 17, 2024 · The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2 crore on State Bank of India (SBI) for contravention of certain provisions of Section 10 of the … WebJul 8, 2024 · New Delhi: The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda …
RBI to stop banks from capitalising penal charges on defaults
Web2 days ago · The RBI has invited comments from the stakeholders by May 15. The quantum of penal charges shall be proportional to the defaults or non-compliance of material terms … WebOct 18, 2024 · The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs one crore on the State Bank of India (SBI) Edited by: India TV Business Desk New Delhi … imb nowra branch
RBI imposes penalties on SBI, 13 banks for violation of rules
WebMar 17, 2024 · SBI: RBI slapped a monetary penalty of Rs 2 crore on State Bank of India based on deficiencies in regulatory compliance. “The action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers” the central bank said. WebJul 8, 2024 · MUMBAI: The Reserve Bank of India (RBI) on Wednesday said it has imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and 10 other lenders for contravention of various regulatory norms, including on lending to NBFCs. The penalty imposed on the 14 banks totals Rs 14.5 crore, with a maximum Rs 2 crore fine on Bank of … WebJul 8, 2024 · MUMBAI: The Reserve Bank of India (RBI) on Wednesday said it has imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and 10 other lenders for … imb nowra bsb