India Business News: The RBI has imposed penalties on SBI, Indian Bank, and Punjab & Sind Bank, for violating various regulatory norms. SBI has been fined Rs 1.3 crore for
A penalty of Rs 1.3 crore has been imposed on the State Bank of India for non-compliance with certain directions issued by the RBI on Loans and Advances - Statutory and Other Restrictions and Guidelines on Management of Intra-Group Transactions and Exposures , RBI said in a statement. In another release, the RBI said a penalty of Rs 1.62 crore has been imposed on Indian Bank for contravention of certain directions on Loans and Advances - Statutory and Other Restrictions , KYC, and Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 .
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India Business News: NEW DELHI: Punjab & Sind Bank is aiming for 2,000 branches and as many ATMs in the country in the next three years as part of its strategy to increase.