The Reserve Bank has imposed a penalty of Rs 72 lakh on state-owned Punjab National Bank and Rs 30 lakh on private sector Federal Bank for non-compliance of certain regulatory norms.

Banking & Finance

The Reserve Bank of India has said it has outstanding dues of Rs 72 lakh on state-owned Punjab National Bank (PNB) and Rs 30 lakh on the private sector bank. A penalty of Rs 10 lakh was also imposed on Mercedes-Benz District India Pvt Ltd for not mixing certain spices in its Customer Check (KVS) Documents, 2016.


     

     

     

 

     


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