RBI imposes monetary penalty of Rs. 50 lakh on State Bank of India

The Reserve Bank of India (RBI) in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and b1 (1), of the Banking Regulation Act, 1949, as applicable has levied monetary penalty of Rs. 50 lakh (Rupees Fifty Lakh only) on State Bank of India for failure to ensure taking utmost care about data accuracy and integrity while submitting the data on large credit (through CRILC portal) to the Reserve Bank.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.432.55 as compared to the previous close of Rs. 429.65. The total number of shares traded during the day was 681203 in over 9605 trades.

The stock hit an intraday high of Rs. 433.9 and intraday low of 427.55. The net turnover during the day was Rs. 293560555.

Source : Equity Bulls

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