Home » Business, Latest » RBI To impose Rs 5.63 Lakh Fine On SBI For Violation

The Reserve Bank of India (RBI) on Wednesday said it imposed a fine of about Rs. 5,62,555 on State Bank of India (SBI) for violation of currency chest norms.

Reserve Bank of India (RBI)“The above penalty has been levied in connection with the deficiencies/lapses observed in the operation and maintenance of the Currency Chest at SBI, Secunderabad branch,” RBI said in a release on Wednesday.

The fine was imposed on 12 July, RBI said.

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