The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of India (SBI) for violating sub-section (2) of section 19 of the Banking Regulation Act, 1949.
The Central Bureau of Investigation (CBI) Special Director Praveen Sinha has been elected as 'Delegate for Asia' on the executive committee of the International Criminal Police Organization (Interpol).
The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to Rs 1000 crore (from present Rs 500 crore).
EXAMIANS