RBI slaps ₹1.32 crore financial penalty on PNB
The Reserve Financial institution of India (RBI) has imposed a financial penalty of ₹131.80 lakh on Punjab Nationwide Financial institution (PNB) for non-compliance with its instructions issued on ‘Loans and Advances’ and ‘Know Your Buyer (KYC)’. Based mostly on supervisory findings of non-compliance with its instructions (after Statutory Inspection for Supervisory Analysis on the subject … Read more