The Reserve Bank of India (RBI) has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of directions. The regulatory lapses relate to bad loan classification, fraud risk management and reporting of frauds.

Reserve Bank of India imposes a penalty of Rs 7 crore on State Bank of India for regulatory lapses

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Reserve Bank of India imposes a penalty of Rs 7 crore on State Bank of India for regulatory lapses