Daily Current Affairs 2024, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2024 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


Reserve Bank of India imposes monetary penalty on State Bank of India

Category : Business and economics
Published on: November 27 2021 Share on facebook

  • The Reserve Bank of India has announced a monetary penalty of Rs. 1 crore against the State Bank of India for violating Section 19 (2) of the Banking Regulation Act, 1949. (The Act).
  • During its investigation, the RBI discovered that SBI had acquired an excessive number of shares in the loan-taking company. In exchange for the loan, the company offered the bank shares.
  • The pledging limit for any bank can be up to a maximum of 30 per cent of the paid-up share capital.
Recent Post's
  • Sanjay Mashruwala, a key executive with Reliance since the time of founder Dhirubhai Ambani, has resigned as Managing Director of Reliance Jio.

    Read More....
  • Jonatan Christie of Indonesia secured the Asian badminton title by defeating his opponent 21-15, 21-16 in the men's singles final held in Ningbo, China.

    Read More....
  • Yuzvendra Chahal made history by becoming the first bowler to claim 200 wickets in the IPL during Rajasthan Royals' match against Mumbai Indians.

    Read More....
  • Irdai has eliminated the age limit of 65 years for purchasing health insurance policies, effective from April 1.

    Read More....
  • Nalin Prabhat, a senior IPS officer, has been appointed as the Director-General of the National Security Guard (NSG), India's counter-terrorism force.

    Read More....
  • The Indian Navy conducted Exercise Poorvi Lehar on the East Coast to validate procedures for assessing its preparedness to meet Maritime Security challenges in the region.

    Read More....
  • IIT Delhi and the Armed Forces Medical Services (AFMS) have signed an MoU to enhance research and innovation in medical devices.

    Read More....
  • Cognizant and Microsoft have announced an expanded partnership to promote the adoption of generative AI among enterprises.

    Read More....
  • In a historic event, seven members of Andaman's vulnerable Shompen tribe cast their votes for the first time for the Lok Sabha seat in the union territory.

    Read More....
  • Pavuluri Subba Rao, Founder, CEO, and Chairman of Ananth Technologies, has been honored with the Aryabhatta Award for his contribution to astronautics by the Aeronautical Society of India (ASI).

    Read More....