Wednesday, December 15, 2021

RBI imposes monetary penalty of Rs 30 lakh on ICICI Bank and Rs 1.8 crore on PNB

​​ The Central Bank has imposed a monetary penalty of Rs 1.8 crore on Punjab National Bank and Rs 30 lakh on ICICI Bank. The penalty on PNB has been imposed for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act).

from Banking/Finance-Industry-Economic Times https://ift.tt/33wKx54

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