RBI levies Rs. 1 crore penalty on SBI

The Reserve Bank of India (RBI) has levied monetary penalty of Rs. 1 Crore (Rupees One Crore only) on the Bank for non-compliance with the directions contained in 'Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016'.

Shares of State Bank of India was last trading in BSE at Rs. 497.85 as compared to the previous close of Rs. 490.50. The total number of shares traded during the day was 758057 in over 12040 trades.

The stock hit an intraday high of Rs. 500.85 and intraday low of 491.70. The net turnover during the day was Rs. 376620007.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 SBIN Banks Penalty RBI