RBI slaps penalty on PNB for violating SWIFT norms

Published: March 27, 2019

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore for violation of compliance with regulatory directions regarding SWIFT operations. The RBI has toughened the stance against banks on all kind of regulatory norms post PNB fraud which put it to question the ability of the central bank. Earlier in March ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: IFSC codes • karnataka bank • Karur Vysya Bank • PNB • Punjab National Bank • RBI • Reserve Bank of India • SWIFT • SWIFT operations • United Bank of India • Worldwide Interbank Financial Telecommunications

PSBs begin to rationalise 35 overseas operations

Published: March 3, 2018

The state-owned banks have started rationalising overseas operations by consolidating 35 operations and closing down non-viable branches as part of the clean and responsible banking initiative. The consolidation oncludes bank branches, remittance centres and representative offices. It will be without affecting international presence of PSBs in these countries. Moreover, 69 operations also have been identified ..

Month: Current Affairs - March, 2018

Topics: Banking • Nirav Modi • Overseas Operations • PNB • PSBs

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