RBI action against SBI: RBI has also taken strict action against the country’s largest bank SBI.
RBI has imposed a huge fine of Rs 2 crore on SBI. This fine has been imposed due to violation of regulatory rules. The bank’s shares fell one percent on Monday and closed at Rs 758.
RBI has imposed a fine of Rs 32 lakh on CANARA BANK. Fine has been imposed due to violation of regulatory rules. Apart from this, Canara Bank has announced share split on Monday. The bank gave this information after the close of stock market trading. According to the announcement, one share of the bank will be divided into 5 shares. In the information sent to the stock market, the bank has said that the split has been announced so that the stock comes within the purchasing power of the larger investor class. Canara Bank’s stock closed with a decline of more than one percent in Monday’s trading.
RBI has imposed a fine of Rs 66 lakh on Union Bank of India Ltd. On Monday, the stock closed at Rs 147, up 1 per cent. Fine has been imposed due to violation of regulatory rules.
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