Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Reserve Bank of India imposes monetary penalty on Punjab National Bank
RBI
On July 3, 2024, the RBI imposed a ₹1.31 crore penalty on Punjab National Bank for failing to comply with directives on ‘Loans and Advances – Statutory and Other Restrictions’ and KYC norms. The penalty followed a 2022 inspection revealing violations, including improper loan sanctions and inadequate record-keeping. This action addresses regulatory compliance issues without affecting transaction validity.
