Banking regulation act

SBI has posted a profit of  ₹2,312 crore in the first quarter of the fiscal. (Reuters)

RBI imposes 50 lakh fine on SBI

1 min read . 05 Aug 2019
Under the Banking Regulation Act, 1949, Reserve Bank of India’s ‘prior’ approval is a must for appointment and reappointment of the CEO. Photo: Aniruddha Chowdhury/Mint

Where does the buck stop at banks?

8 min read . 16 Apr 2018