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RBI fines PNB for non-compliance on SWIFT use

Updated : March 26, 2019 10:11 PM IST

The RBI has fined at least 19 other lenders, including top banks such as ICICI Bank and State Bank of India, this month for similar non-compliance.
The RBI sent a letter to PNB on Monday informing it of the fine, citing regulatory violations during assessment of SWIFT- related operations, PNB said in a stock exchange filing without disclosing the nature of the violations.
RBI fines PNB for non-compliance on SWIFT use

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