The RBI has imposed a penalty aggregating to Rs 6 crores on Bank of India and Punjab National Bank for contravention of norms, including one related to “Frauds – Classification and Reporting”. A penalty of Rs 4 crores has been imposed on the Bank of India and Rs 2 crores on Punjab National Bank.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The bank had also conducted a review and submitted a Fraud Monitoring Report (FMR) dated January 1, 2019, pertaining to the detection of fraud in an account. In both cases, notices were issued to show cause as to why penalty should not be imposed on them for such violations of the directions.
Chinese human-like robots have attracted attention following their participation in a 100-meter dash event where…
The Onam festival of 2026 is being celebrated throughout the state of Kerala through colorful…
The US government has unveiled an operation called Economic Outcast, which is a new global…
The National Security Guard (NSG) has inaugurated the first-ever Mahila Commando Conversion Course (MCCC) at…
National Conclave on Tribal Languages and Museums was launched in the Mysuru, Karnataka, on August…
As per a recent report released by NITI Aayog, close to 8.7 crore Indians between…