• 45300
• February 26, 2024

RBI imposes monetary penalty on State Bank of India, Canara Bank

RBI imposes penalties on SBI, Canara Bank, and Ocean Capital Market Ltd. for non-compliance. SBI fined Rs 2 crore for regulatory shortcomings. Canara Bank faces a penalty of Rs 32.30 lakh for failing to meet RBI directives. Ocean Capital Market Ltd. fined Rs 16 lakh for breaching NBFC regulations and XBRL platform submissions.

• News Source Indiatimes (Click to view full news): CLICK HERE

• Category:
• Business

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