RBI imposes penalty worth ₹4.7 cr on SBI, 3 others; cancels Kapol Co-operative Bank licence
RBI fines SBI with a penalty worth ₹1.30 cr for violations in ‘Loans and Advances’ and ‘Intra-Group Transactions’ rules
RBI fines SBI with a penalty worth ₹1.30 cr for violations in ‘Loans and Advances’ and ‘Intra-Group Transactions’ rules
The public sector bank has turned into a multibagger stock and has risen from ₹20.8 to ₹40.9 in just nine sessions, delivering 97% return during this period.
Bank of Baroda, Bank of India, and Punjab & Sind Bank hit their respective 52-week highs after Morgan Stanley expressed optimism about public sector banks.
The BSE Sensex and the NSE Nifty are poised to open higher on Wednesday following firm cues from global peers and positive trends on the SGX Nifty.