![RBI imposes Rs 1 crore penalty on State Bank of India for non-compliance with the aforesaid directions](https://www.gkseries.com/blog/wp-content/uploads/thumbs_dir/download-13-1-pes5pjbp4auh3sie9eoe07ivr40gcbhwesisonb8o0.jpg)
The Reserve Bank of India on October 18, 2021, slapped a fine of Rs 1 crore on State Bank of India NSE -0.50 % 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. The ...
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