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RBI levies Rs 7 cr penalty on SBI for non-compliance

The Reserve Bank of India has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of directions. The regulatory lapses relate to bad loans classification, fraud risk......

Feb 12 circular: RBI may replace controversial one-day default norm

It had been pointed out to the banking regulator that one-day default was difficult to monitor in large companies, especially where cash flows are dependent on government payments. The Reserve......

What BJP MP Paresh Rawal's interest in bank NPAs reveals

Under the Narendra Modi-led National Democratic Alliance government, NPAs zoomed from Rs 309,399 crores as on March 31, 2015, to Rs 728,740 crores as on March 31, 2017, a sharp 135 per cent growth.......

RBI revises framework to resolve stressed bank accounts

Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.  The Reserve Bank of India on Monday precluded chances of banks reporting divergent......

Top 10 corporate groups owe Rs 5.73 lakh cr to lenders

The Reserve Bank of India collects credit information from banks under the CRILC reporting system for borrowers with the credit exposure greater than Rs 5 crore. Top 10 corporate groups in the......
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RBI levies Rs 7 cr penalty on SBI for non-compliance

The Reserve Bank of India has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of directions. The regulatory lapses... ...

http://www.rediff.com/money/report/rbi-levies-rs-7-cr-penalty-on-sbi-for-non-compliance/20190716.htm

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