RBI on PNB: Reserve Bank has taken strict action against PNB, due to which the problems of the bank may increase in the coming time.
RBI on PNB: The country’s Reserve Bank is currently engaged in a cleanliness campaign. The flaws going on inside the banks are being cleaned up. Earlier, huge fines have been imposed on Bank of Baroda, ICICI and Kotak. Now it is the turn of the country’s second largest bank PNB. RBI has found that there were irregularities in customer service with interest on loans in the bank. Due to which a fine of Rs 90 lakh has been imposed on the bank.
A big game was going on inside PNB
Actually, it is being told that the bank was charging more interest from some customers on the loan given. A similar deficiency was found inside ICICI. About a week ago news came that RBI is keeping a close eye on PNB along with SBI. Now its effect can be seen somewhere on PNB in the stock market on Monday.
Fierce action is being taken against private banks along with government banks.
At the same time, Federal Bank has also not followed the rules of RBI, due to which notice has been served to the bank. All these things clearly show that whether it is a government bank or a private bank, shortcomings are visible everywhere. The Reserve Bank is keeping its eye not only on banks but also on NBFCs.
Rules have already changed for NBFC
For NBFC, customers have complained to RBI that the rules regarding loan recovery should be changed. After which RBI announced that NBFC agents can call for loan recovery only from 7 am to 7 pm. Otherwise, before this the agents were making calls even till 2 am in the night.
