RBI fines PNB Rs 50 lakh

RBI has imposed a penalty of Rs 50 lakh on Punjab National Bank (PNB) for the delay in reporting of fraud observed from the fraud monitoring report-1 submitted by Punjab National Bank on July 10, 2018, in the account of Kingfisher Airlines Limited.

Static/Current Takeaways Important For SBI Clerk Main 2019:

  • Managing Director & Chief Executive Officer of PNB: Sunil Mehta.

Source: The Business Standard

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