Under which section of the Banking Regulation Act of 1949 RBI has slapped Rs 1 crorepenalty on SBI f...........

Under which section of the Banking Regulation Act of 1949, RBI has slapped Rs 1 crorepenalty on SBI for violating norms?

Section 35A

Section 47A

Section 44A

Section 49A

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Explanation:

The Reserve Bank of India has exercised its powers conferred under Section 47A of the Banking Regulation Act of 1949 & imposed a penalty of Rs 1 croreon the State Bank of India (SBI) for not monitoring the end use of funds in respect of one of its borrowers.