The Reserve Bank has slapped a penalty of Rs 40 lakh on SBI for not complying with its directions on detection and impounding of counterfeit notes.
The regulator had carried out inspection of currency chests of two branches of the country's largest lender and noticed violation of its instructions issued on the detection and impounding of counterfeit notes.
RBI slaps Rs 40 lakh penalty on SBI for flouting fake notes norms
The regulator had carried out inspection of currency chests of two branches of the country's largest lender and noticed violation of its instructions issued on the detection and impounding of counterfeit notes.
RBI slaps Rs 40 lakh penalty on SBI for flouting fake notes norms
