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SAT sets aside penalty of Rs 3 lakh levied on Central Bank of India

11 Sep 2019 Evaluate

The Securities Appellate Tribunal (SAT) has set aside a penalty of Rs 3 lakh levied by markets regulator SEBI on Central Bank of India for the violation of debenture trustee norms. The tribunal let off the lender on censure for the violations.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.

Peers
Company Name CMP
State Bank Of India 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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