Home/Cases/Community Banks / Credit Unions/STATE BANK OF INDIA;STATE BANK OF INDIA PARK AVENUE BRANCH;STATE BANK OF INDIA BROADWAY BRANCH;STATE BANK OF INDIA CHICAGO BRANCH;STATE BANK OF INDIA FLUSHING BRANCH

STATE BANK OF INDIA;STATE BANK OF INDIA PARK AVENUE BRANCH;STATE BANK OF INDIA BROADWAY BRANCH;STATE BANK OF INDIA CHICAGO BRANCH;STATE BANK OF INDIA FLUSHING BRANCH

N/A;NEW YORK;NEW YORK;CHICAGO;FLUSHING 2001 Community Banks / Credit Unions
FDIC Civil Money Penalty Cease And Desist
Penalty
$3.8 million

Outcome

ORDER TO CEASE AND DESIST AND ORDER OF ASSESSMENT OF A CIVIL MONEY PENALTY AND MONETARY PAYMENT ISSUED UPON CONSENT

Details

STATE BANK OF INDIA;STATE BANK OF INDIA PARK AVENUE BRANCH;STATE BANK OF INDIA BROADWAY BRANCH;STATE BANK OF INDIA CHICAGO BRANCH;STATE BANK OF INDIA FLUSHING BRANCH — FDIC Enforcement (2001)

Outcome: ORDER TO CEASE AND DESIST AND ORDER OF ASSESSMENT OF A CIVIL MONEY PENALTY AND MONETARY PAYMENT ISSUED UPON CONSENT

Docket: FDIC-01-127b, FDIC-01-128k | Issued: 2001-11-13

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.

Source: FDIC ED&O — FDIC-01-127b, FDIC-01-128k

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