Punjab Bank - Latest News Update, Information, Photos & Videos on Punjab Bank at Lokmat Times

The Reserve Bank of India (RBI) has imposed fines of more than Rs 27 lakh on Punjab and Sindh banks. The RBI imposed a fine on Punjab and Sindh Bank for allegedly violating the rules. A show cause notice was issued to Punjab and Sindh Bank. The answer given was unsatisfactory and the rules were violated. As a result, the bank has been fined Rs 27.5 lakh. According to the RBI, Punjab and Sindh Bank have not complied with some of the guidelines issued on external benchmark-based lending. The RBI, meanwhile, said it did not intend to question the validity of any transactions or agreements made by the bank with its customers.The stock was trading at Rs 15.30 on Friday. The stock has lost 0.97 percent since the previous day. Punjab and Sindh Bank's profit doubled to Rs 346 crore in the fourth quarter of last fiscal. According to the bank, the decline in non-performing loans (NPLs) has boosted their profits. Punjab and Sindh Bank had posted a net profit of Rs 160.79 crore in the same quarter of the financial year 2020-21.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Punjab BankFOLLOW

Punjab bank, Latest News

Business :RBI imposes monetary penalty on Punjab & Sind Bank

The Reserve Bank of India (RBI) has imposed fines of more than Rs 27 lakh on Punjab and Sindh ... ...