Punjab National Bank has been imposed with a monetary penalty of Rs 4.33 lakh by the Reserve Bank of India (RBI). The penalty was levied due to non-compliance with the operational guidelines governing Currency Chests as prescribed under the Master Directions of RBI.
Punjab National Bank (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.
