Engaging with RBI to address 'supervisory concerns', says India's SBM Bank

Engaging with RBI to address 'supervisory concerns', says India's SBM Bank

FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/File photo

SBM Bank (India) is engaging with the Reserve Bank of India (RBI) to address “supervisory concerns”, the lender said in an email to a customer reviewed by Reuters, days after the regulator barred it from some transactions.