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SBI, Financial institution of Baroda amongst four PSU banks penalised crores of rupees by RBI; examine which is fined how a lot – The Monetary Categorical

SBI, Financial institution of Baroda amongst four PSU banks penalised crores of rupees by RBI; examine which is fined how a lot – The Monetary Categorical
The financial penalty has been imposed for non compliance with varied instructions issued by the RBI, the central financial institution mentioned.

The Reserve Financial institution of India has imposed crores of rupees price of financial penalty on 4 PSU banks, together with the big ones State Financial institution of India (SBI) and Financial institution of Baroda. The financial penalty has been imposed for non compliance with varied instructions issued by the RBI.

RBI has slapped a penalty of Rs 1 crore on SBI — India’s largest financial institution, it mentioned. Additional, it has levied a penalty of Rs 1 crore on Financial institution of Baroda too — one other giant PSU financial institution. Union Financial institution of India additionally has been fined to the tune of Rs 1 crore. However, Company Financial institution has been slapped with a penalty of Rs 2 crore.

(This story will likely be up to date quickly)

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