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.
The 12th-century Jagannath Temple in Puri, the Shree Jagannath Temple Administration (SJTA) has attained trademark…
India has had an abundance of legendary players in weight lifting like Mirabai Chanu, Karnam…
The Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) is a premium health insurance initiative started…
As work are underway for the 2027 Haridwar Kumbh Mela, the Uttarakhand Forest Department has…
The Majhi Kanya Bhagyashree Scheme is a important government initiative run by the Maharashtra Government…
Bhargavastra is a homegrown anti-swarm drone system that has been engineered to neutralize enemy drones…