Very last Up to date at December fifteen, 2021 seventeen:fifty three IST
Reserve Lender of India on Wednesday introduced monetary penalty on ICICI Lender, Punjab Countrywide Lender.
RBI has imposed a monetary penalty of Rs 1.8 crore on Punjab Countrywide Lender and Rs thirty lakh on ICICI Lender.
The penalty on PNB has been imposed for contravention of sub-section (two) of section 19 of the Banking Regulation Act, 1949 (the Act).
The penalty on ICICI Lender has been imposed for non-compliance with particular instructions issued by RBI on ‘Levy of penal rates on non-upkeep of bare minimum balances in personal savings lender accounts’ dated November 20, 2014.
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First Printed: Wed, December fifteen 2021. seventeen:fifty three IST