the Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the State Bank of India (SBI) or violating subsection (2) of section 19 of the Banking Regulation Act, 1949.
The Finance Ministry has allocated additional funds of Rs.10,000 crore as an interim measure for the MGNREGA scheme after it ran out of funds allocated in the budget, according to the Ministry of Rural Development (MoRD).
EXAMIANS