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Prof. Tariq Mansoor is presently serving as the Vice-Chancellor, Aligarh Muslim University, Aligarh. Previously he has also served as Principal, J.N. Medical College, Chief Medical Superintendent, J.N. Medical College Hospital and Chairman, Department of Surgery. He is also the member of Medical Council of India since March 2015 for a period of four years. He is product of the first batch of prestigious Our Lady of Fatima Higher Secondary School, Aligarh. During his school days he has served as House Captain as well as School Captain. He did his MBBS and MS in General Surgery from Jawaharlal Nehru Medical College, AMU, Aligarh. A surgeon by profession with special interest in Breast and Thyroid Diseases, Prof. Tariq Mansoor has 33 years of Teaching and 35 years of Clinical experience. He has 90 publications to his credit and has guided 49 Postgraduate Medical Students for their Thesis as Supervisor / Co-Supervisor

RBI slaps SBI with monetary penalty

RBI slaps SBI with monetary penalty

New Delhi: The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40 lakh on State Bank of India (SBI) for non-compliance of its directions on detection and impounding of counterfeit notes.

The central bank sent a notification, which stated that the action is based on deficiencies in regulatory compliance found at two of the bank’s currency chests.

“This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46(4) (i) of the Banking Regulation Act, 1949,” it said.

The regulator had carried out an inspection of currency chests at two branches of the country’s largest lender and noticed certain violation, following which a show cause notice was issued in the first week of January.

The RBI said the penalty seemed warranted and substantiated considering the bank’s reply and oral submissions.

It clarified that penal action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Earlier this week, the RBI had imposed monetary penalties on Axis Bank (Rs. 30 million) for violation of non-performing asset classification norms and Indian Overseas Bank (Rs. 20 million) for not complying with the KYC regulations.


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from The Siasat Daily

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