Disclosures

Punjab National Bank - Price Sensitive Information/Disclosures

| Updated on August 03, 2019 Published on August 03, 2019

"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 M/s Kingfisher Airlines Limited. In exercise of the powers conferred
under section 47(A)(1)(c) read with section 46(4)(i) of the Banking Regulation Act,
1949, a penalty of 50 Lakhs Only (Rs. Fifty Lakhs Only) is hereby imposed on
Punjab National Bank."

Pdf Link: Punjab National Bank - Price Sensitive Information/Disclosures

Source : BSE - www.bseindia.com

Published on August 03, 2019
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