- 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:
a. Rs 15 lakh
b. Rs 35 lakh
c. Rs 25 lakh
d. R 45 lakh
