New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What penalty amount was imposed on SBI by the RBI for

    regulatory non-compliance?
    A ₹1 crore Correct Answer Incorrect Answer
    B ₹1.5 crore Correct Answer Incorrect Answer
    C ₹1.72 crore Correct Answer Incorrect Answer
    D ₹2 crore Correct Answer Incorrect Answer
    E ₹1.25 crore Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India imposed a penalty of ₹1.72 crore on State Bank of India for regulatory lapses, including violations related to loans and advances, current account operations, and customer liability in unauthorised electronic transactions.

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