Today news
About the same in other media
RBI imposes Rs 1.3 crore penalty on SBI for not adhering to norms
Reading now: 601
loans and guidelines on the management of intra-group transactions and exposures.
An examination of a risk assessment report showed non-compliance with directions by SBI to the extent that the bank sanctioned a term loan to a corporation in lieu of or to substitute budgetary resources envisaged for certain projects without undertaking due diligence on the viability and bankability of the projects, the RBI said in a statement on Monday.
The central bank further said that the repayment or servicing of the loan was made out of budgetary resources and failed to adhere to the intra-group exposure limit.
About this in other media
Paying house rent of Rs 50000 or more per month? Penalty you will pay for not deducting TDS economictimes.indiatimes.com /1 year ago
RBI imposes monetary penalty on four co-operative banks. Details here livemint.com /1 year ago
RBI imposes penalty on Saraswat Co-operative Bank, Bassein Catholic Co-operative Bank, Rajkot Nagarik Sahakari Bank livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
