RBI SBI News Today Live in Tamil/Hindi. The Reserve bank of India demand the commercial forfeit of amount one crore to the State Bank of India on the reason of some fluctuations of the State Bank of India. The central bank of India announced that “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers”.
This is the second consecutive month of State Bank of India has paid the penalty. The previous month of this year 2021, Reserve Bank of India charge the commercial penalty of the solid amount one crore. This is for the reason of not complying with directions issued by the central bank with regard to fraud classification and reporting by commercial banks.
**To Join Latest Job Update WhatsApp Group**
The reserve bank of India also announced that , “The State bank ‘s Statutory Inspections for Supervisory Evaluation (ISE) was processed by Reserve Bank of India with model to its financial positions as on March 31, 2018 and March 31, 2019 and the examination of the Risk Assessment Reports, Inspection Report and all related correspondence pertaining to the same, revealed, inter-alia, contravention of sub-section (2) of section 19 of the Act to the extent the bank held shares in borrower organizations, as pledge, of an amount exceeding thirty percent of paid-up share principal of those institutions,” . The fine was collected after taking into account submissions by State Bank of India, Reserve Bank of India announced.
IBPS Mock Test 2021
| To Follow Our Instagram | Click Here |
| To Follow Our Twitter | Click Here |
| To Join Whatsapp | Click Here |
| To Join Telegram Channel | Click Here |
| To Join Our Facebook | Click Here |