RBI: After Paytm, RBI took action on SBI, now took this big decision

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Internet Desk. RBI is continuously taking action against banks. In case anything goes wrong in the financial system, RBI takes strict action. In such a situation, now the country’s largest public sector bank SBI has also been cast an evil eye by RBI. Reserve Bank of India has imposed a huge fine of Rs 2 crore on SBI.

Reserve Bank of India has imposed a fine of Rs 2 crore on State Bank of India and its information has been shared. According to media reports, this penalty has been imposed due to lack of regulatory compliance. While sharing information in this regard, it has been said that SBI has violated some rules of Depositor Awareness Fund Scheme 2014. Due to which penalty action has been taken on the bank.

It has been told in the report that RBI had come to know that State Bank had taken more than 30 percent paid-up share capital of some companies as collateral, but its amount was not deposited within the stipulated period under the Banking Regulation Act. Was not deposited in the fund. This action has been taken against the bank only in case of violation of these rules.

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