Punjab National Bank (PNB) has collected a total penalty of Rs 151.66 crore from its customers during the financial year 2017-18, due to non-maintenance of minimum balance in 1,22,98,748 savings fund accounts. In Q1 of FY18, the bank has collected Rs 31.99 crore as penalty, while in Q2, Q3 and Q4, it has recovered Rs 29.43 crore, Rs 37.27 crore and Rs 52.97 crore as penalty, respectively.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
