RBI slaps Rs 5 cr penalty; targets Corporation Bank, State Bank of India (SBI), Bank of Baroda
The Reserve Bank on Wednesday imposed penalties of Rs 5 crore on four public sector banks including SBI and Corporation Bank for violation of various banking norms.
A penalty of Rs 2 crore has been imposed on Corporation Bank and Rs 1 crore each State Bank of India (SBI), Bank of Baroda and Union Bank of India. Image: Reuters file