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In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab National Bank when it observed that the bank was operating a bilateral ATM sharing arrangement with which bank without RBI’s approval? 
  • a)
    Druk PNB Bank Ltd. 
  • b)
    PNB Gilts Ltd. 
  • c)
    JSC PNB Ltd. 
  • d)
    Tengri PNB Bank Ltd.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab Nation...
State run Punjab National Bank said the RBI has imposed a penalty of Rs 1 crore on it for contravention of the Payment and Settlement Systems Act.
RBI has observed that the Bank was operating a bilateral ATM sharing arrangement with Druk PNB Bank Ltd, Bhutan, (international subsidiary of the Bank), since April, 2010 without the prior approval / authorisation from RBI.
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Most Upvoted Answer
In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab Nation...
State run Punjab National Bank said the RBI has imposed a penalty of Rs 1 crore on it for contravention of the Payment and Settlement Systems Act.
RBI has observed that the Bank was operating a bilateral ATM sharing arrangement with Druk PNB Bank Ltd, Bhutan, (international subsidiary of the Bank), since April, 2010 without the prior approval / authorisation from RBI.
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In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab National Bank when it observed that the bank was operating a bilateral ATM sharing arrangement with which bank without RBI’s approval?a)Druk PNB Bank Ltd.b)PNB Gilts Ltd.c)JSC PNB Ltd.d)Tengri PNB Bank Ltd.Correct answer is option 'A'. Can you explain this answer?
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In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab National Bank when it observed that the bank was operating a bilateral ATM sharing arrangement with which bank without RBI’s approval?a)Druk PNB Bank Ltd.b)PNB Gilts Ltd.c)JSC PNB Ltd.d)Tengri PNB Bank Ltd.Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab National Bank when it observed that the bank was operating a bilateral ATM sharing arrangement with which bank without RBI’s approval?a)Druk PNB Bank Ltd.b)PNB Gilts Ltd.c)JSC PNB Ltd.d)Tengri PNB Bank Ltd.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In November 2020, RBI imposed a penalty of Rs 1 crore on Punjab National Bank when it observed that the bank was operating a bilateral ATM sharing arrangement with which bank without RBI’s approval?a)Druk PNB Bank Ltd.b)PNB Gilts Ltd.c)JSC PNB Ltd.d)Tengri PNB Bank Ltd.Correct answer is option 'A'. Can you explain this answer?.
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