RBI Fines SBI ₹1.73 Crore and Jana SFB ₹1 Crore
Why in the news
RBI penalised SBI and Jana Small Finance Bank for non-compliance, showing continued supervisory enforcement.
Key facts
| Bank | Fine | Lapse |
|---|---|---|
| SBI | ₹1.73 crore (₹1,72,80,000) | Statutory limits on loans and advances; limiting customer liability in unauthorised electronic transactions; discipline in opening current accounts |
| Jana SFB | ₹1 crore | Banking Regulation Act, 1949 provisions |
- RBI said the fines do not affect customer transactions or agreements.
- March 2025: HSBC ₹66.60 lakh; IIFL Samasta Finance ₹33.10 lakh.
Exam angle
- Act cited: Banking Regulation Act, 1949.