MoneyWorks4Me

RBI imposes Rs 1 crore penalty on SBI

08 Feb 2019 Evaluate

Reserve Bank of India (RBI) has levied a penalty of Rs 1 crore on State Bank of India (SBI) for not monitoring the end use of funds in respect of one of its borrowers.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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