Current Affairs Economy & Banking

RBI Slaps Rs 2 Crore Penalty On PNB

Category : Economy & Banking

  The Reserve Bank of India has slapped a penalty of Rs 2 crore on Punjab National Bank for non-compliance of regulatory directions with regard to SWIFT operations. SWIFT is a global messaging software used for sharing information on inter-bank transactions by financial entities.
Source- Press Information Bureau (PIB)


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