RBI Slaps Penalties on SBI and Jana Small Finance Bank for Regulatory Lapses:
The Reserve Bank of India (RBI) has imposed monetary penalties on two banks — State Bank of India (SBI) and Jana Small Finance Bank — for deficiencies in compliance with banking norms. The action underlines the central bank’s strict approach toward ensuring discipline and customer protection in India’s financial sector.The RBI announced on May 9, 2025, that it has imposed: A penalty of ₹1.72 crore on SBI and A penalty of ₹1 crore on Jana Small Finance Bank. These penalties are for non-compliance with specific directives related to loans, customer liability, and regulatory provisions under the Banking Regulation Act, 1949.
