Reserve Bank of India imposes Rs 20 million penalty on Punjab National Bank
Mumbai : As per the press release from the Reserve Bank of India (RBI), it has imposed by an order dated February 25, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on Punjab National Bank for non-compliance with various directions issued by the Reserve Bank of India (RBI) on time-bound implementation and strengthening of SWIFT-related operational controls.