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State Bank of Bikaner and Jaipur informs about company updates

27 Jul 2016 Evaluate

State Bank of Bikaner and Jaipur has informed that Reserve Bank of India has imposed an aggregate penalty of Rs 20 million on the Bank in exercise of the powers conferred under Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 in case of advance import remittance irregularities. The Bank has taken necessary corrective measures/action plans to strengthen its internal control mechanisms to avoid such recurrence.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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