RBI fines five banks including PNB for regulatory non-compliance.

Banking & Finance

The Reserve Bank of India (RBI) has imposed penalties on five banks, including Punjab National Bank (PNB), for non-compliance with regulatory requirements. The penalties were levied as part of RBI's ongoing efforts to ensure adherence to banking regulations and maintain financial stability. This action underscores the importance of banks adhering to regulatory guidelines to safeguard the interests of depositors and maintain the integrity of the banking system.


      The Reserve Bank of India (RBI) has, by an order dated July 03, 2024, imposed a monetary penalty of ₹1,31,80,000 on Punjab National Bank (the bank) for non-compliance with certain directions issued by RBI.

     

     

 

     


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