SBI account holder? Your bank just got slapped with a Rs 7 cr penalty over fraud risk management and NPA identification issues
Are you a State Bank of India (SBI) account holder? If yes, then you must know that your bank, which is the largest public lender in the country, has run into trouble with the Reserve Bank of India.
The RBI has slapped a penalty of Rs 7 crore on the country's largest bank SBI. Source - Reuters.