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RBI imposes penalty of Rs 27.50 lakh on Punjab & Sind Bank

4 Jun 2022 , 11:29 AM

Punjab & Sind Bank announced that the Reserve Bank of India (RBI) vide its letter dated 03 June 2022 has imposed a monetary penalty of Rs.27.50 lakh on Punjab & Sind Bank. As per the order, the penalty has been imposed on account of the failure of the bank to comply with certain directions issued by RBI on External Benchmark Based Lending.Powered by Capital Market – Live News

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