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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.55
13.05 (1.23%) RBI imposes Rs 1 crore penalty on SBI
Date: 08-02-2019Reserve 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.