RBI penalized PNB for lack of regulatory compliance

RBI fines PNB for deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on public sector Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations. SWIFT is a global messaging software used for transactions by financial entities. The Rs 14,000-crore fraud … Continue reading RBI penalized PNB for lack of regulatory compliance