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RBI Imposes Fine on SBI for Failure to Comply with Fraud Classification Rules - (19 Oct 2021)

BANKING

Reserve Bank of India has slapped a fine of Rs 1 crore on State Bank of India for failing to comply with fraud classification rules. The regulator said it had conducted a probe in accounts maintained with SBI and had found it deficient in reporting frauds.

Tags : RESERVE BANK OF INDIA   STATE BANK OF INDIA  

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