Punjab National Bank and ICICI Bank were fined with a penalty of Rs. 1.8 crore and Rs 30 lakhs respectively by the Reserve Bank of India (RBI) on Wednesday. The penalties were imposed for deficiencies in regulatory compliance. In a statement, the RBI said the Statutory Inspection for Supervisory Evaluation (ISE) of Punjab National Bank (PNB) was conducted by it with reference to its financial position as of March 31, 2019.from IndiaTV Business: Google News Feed https://ift.tt/3s8G8j5
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