RBI imposes monetary penalty on Punjab and Sind Bank for non-compliance | Mint - Mint

RBI found non-compliance with the directions issued by RBI, inter-alia, to the extent the bank linked certain floating rate retail loans and floating rate loans to Micro and Small Enterprises, extended by it on or after October 01, 2019, to MCLR instead of an…

The Reserve Bank of India (RBI) on Friday imposed a monetary penalty of 27.50 lakh on a public sector bank, Punjab & Sind Bank for non-compliance with certain directions of the central bank. The … [+1545 chars]

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