BREAKING NEWS
B’luru: Rajasthan gang busted for job fraud cybercrime using student bank accounts
10 children dead, 16 battle for life after fire at Jhansi medical college
All 5 ‘guarantees’ implemented in Karnataka, PM and BJP spreading false information: Parameshwara
Siddaramaiah will resign as CM before Belagavi assembly session, claims BJP’s Vijayendra
Davanagere: Home Guard saves passenger from being crushed under moving train
Suriya-starrer ‘Kanguva’ mints Rs 58.62 crore in worldwide gross on day one
1951 Rolls Royce ordered by Nehru for Baroda ‘maharani’ becomes flashpoint in marital dispute
Mangaluru: Car catches fire near Kadri Police Station
700 kg drugs seized, 8 Iranians caught in anti-narcotics operation along Gujarat coast
Kumaraswamy demands SIT probe into allegation of Rs 50 cr for 50 Cong MLAs
SC seeks reasons for denying maternity leave to woman if adopted child aged above 3-month
PM serving interests of billionaires at expense of poor, alleges Rahul Gandhi
PETA India gifts life-size mechanical elephant to Kerala temple
KL Rahul suffers blow on elbow, management keeps close watch ahead of 1st Test against Australia
No songs promoting drugs, violence at concert: Diljit Dosanjh gets notice from Telangana government
RBI imposes Rs 50 lakh fine on PNB for delay in reporting fraud in Kingfisher Airlines account
PTI, Aug 3, 2019, 3:26 PM IST
New Delhi: State-owned Punjab National Bank (PNB) on Saturday said the RBI has imposed a penalty of Rs 50 lakh on it for delay in reporting of fraud in the account of Kingfisher Airlines.
“RBI observed from the fraud monitoring report-1 submitted by Punjab National Bank on July, 10 2018 that the bank had delayed the reporting of fraud in the account of Kingfisher Airlines Limited,” PNB said in a regulatory filing.
In exercise of the powers conferred under various sections of the Banking Regulation Act, 1949, a penalty of Rs 50 lakh was imposed by the RBI on the bank, it added.
In a separate filing, Bank of Baroda said the RBI has imposed a fine of Rs 50 lakh on it for delay in reporting fraud in an account.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
In U-turn, global brokerage CLSA shifts focus back to India, cuts China exposure
India to clock 7.2 pc growth in 2024, RBI to hold interest rates steady this year: Moody’s
If data doesn’t suit them, they’ll change it altogether: Cong’s swipe at govt over Goyal’s remarks
Sensex drops 110pts, Nifty falls for 6th day on FII selling, inflationary concerns
USD 1 trillion a year needed for developing nations by 2030: High-Level Group on Climate Finance
MUST WATCH
Latest Additions
UP hospital fire: PM Modi announces ex gratia of Rs 2 lakh for next of kin of each deceased
Shraddha Walker murder accused ‘gets threat’ from Lawrence Bishnoi gang, Delhi prison may review security
Geethartha Chinthane 95: Gudakesha’s prayer to Hrishikesha
B’luru: Rajasthan gang busted for job fraud cybercrime using student bank accounts
Shivamogga: 3-year-old dies after falling into open water tank at hospital
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.