RBI slaps Rs 2 crore fine on SBI, Rs 32 lakh on Canara Bank
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Link to report which will give a pleasant silence to Many customers
The Reserve Bank of India (RBI) on Monday slapped a hefty fine of Rs 2 crore on the State Bank of India (SBI) for deficiencies in certain regulatory compliance. It also imposed Rs 32 lakh fine on Canara Bank. In the case of SBI, the central bank said that a statutory inspection was conducted about its financial position as of March 31, 2022
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The Reserve Bank of India (RBI) on Monday slapped a hefty fine of Rs 2 crore on the State Bank of India (SBI) for deficiencies in certain regulatory compliance. It also imposed Rs 32 lakh fine on Canara Bank. In the case of SBI, the central bank said that a statutory inspection was conducted about its financial position as of March 31, 2022
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https://www.desidime.com/discussions/rbi-slaps-rs-2-crore-fine-on-sbi-rs-32-lakh-on-canara-bank?page=1#post_9907481
Ultimately, they put all of this on to the customer in the name of charges. These fines show no impact on them, as they got into a habit of repeating mistakes.
https://www.desidime.com/discussions/rbi-slaps-rs-2-crore-fine-on-sbi-rs-32-lakh-on-canara-bank?page=1#post_9907524
So nice! Well I wish it was SBI card and not SBI
https://www.desidime.com/discussions/rbi-slaps-rs-2-crore-fine-on-sbi-rs-32-lakh-on-canara-bank?page=1#post_9907596
Cashback toh forfeit karte he hai
Kaya he fark padega inko
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SBI to RBI :- Fine lene Lunch ke baad aana.