For the best experience use inshorts app on your smartphone
RBI fines PNB ₹1.80 crore and ICICI Bank ₹30 lakh for rule violations
short by Pragya Swastik / on 15 Dec 2021,Wednesday
The RBI has fined PNB ₹1.80 crore and imposed a ₹30-lakh penalty on ICICI Bank. PNB's fine related to the bank's shareholding in borrower companies, as pledgee, of an amount exceeding 30% of paid-up share capital of those companies. ICICI Bank was fined for violating rules regarding levy of penal charges on non-maintenance of minimum balances in savings bank accounts.
short by Pragya Swastik / 09:46 pm on 15 Dec
For the best experience use inshorts app on your smartphone