Maha Shivratri Offer- Use Code SHIVRATRI24

Register Now

RBI Imposed Penalty on Punjab and Sind Bank

Published on July 04, 2021
Current Context: The Reserve Bank of India has imposed a penalty on Punjab and Sind Bank.
RBI Imposed Penalty on Punjab and Sindh Bank
  • The penalty of Rs 25 lakh is imposed on the Punjab and Sind Bank.
  • The penalty is imposed for not following directions under ‘Cyber Security Framework in Banks’.
  • The penalty is imposed under the powers mentioned by RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949.
  • Static Part: 
    • HQ of Punjab and Sind Bank: New Delhi
    • Tagline of Punjab and Sind Bank: Where Service Is A Way Of Life
    • MD and CEO of Punjab and Sind Bank: S Krishnan

Question: 

Q.1 How much amount of penalty was imposed by RBI on Punjab and Sind Bank for not following directions under ‘Cyber Security Framework in Banks’?
a. Rs 15 lakh
b. Rs 35 lakh
c. Rs 25 lakh
d. R 45 lakh

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu