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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......

Master technology first; be a manager later: Infy

Infosys Technologies has decided that its staffers must have at least six years of having worked on technology responsibilities before being asked to head a project. This is the latest move in a......
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RBI Imposes Rs 7 Crore Penalty On State Bank Of India For Violating Rules

The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms The Reserve Bank of India... ...

https://www.ndtv.com/business/rbi-imposes-rs-7-crore-penalty-on-state-bank-of-india-for-violating-bad-loan-npa-rules-2070044

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