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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

NATIONALISED BANKS: DID NOT SPECIFY INTEREST RESET DATE IN MCLR-LINKED LOANS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person PUNJAB NATIONAL BANK
  LEVIED SMS CHARGES IN CERTAIN ACCOUNTS DESPITE MAINTAINING JUNK MOBILE NUMBERS IN CORE BANKING SOLUTION (CBS)

LEVIED INTEREST FROM DISBURSEMENT DUE DATE INSTEAD OF ACTUAL DATE OF DISBURSEMENT

DID NOT SPECIFY INTEREST RESET DATE IN MCLR-LINKED LOANS   		IMPOSED PENALTY RS.72,00,000

30-OCT-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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