Rbi Imposes Penalties On Sbi Jana Small Finance Bank

business rbi imposes penalties on sbi jana small finance bank

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The Reserve Bank of India (RBI) has levied a penalty of Rs 1,72,80,000 on State Bank of India (SBI) due to non-compliance with specific directives related to loans, customer protection, and current account openings. Additionally, Jana Small Finance Bank Ltd faces a Rs 1 crore penalty for violating provisions of the Banking Regulation Act, 1949.

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