This follows the banks’ failure to redeem fixed deposits made years ago by the Karnataka Industrial Areas Development Board (KIADB) and the State Pollution Control Board
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The net interest income (NII) also grows by 10.23 per cent YoY to Rs 10,476 Crore, up from Rs 9,504 Crore in Q1 FY 2024
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This partnership aims to enhance the financial well-being of Sail employees while expanding PNB's customer base within the steel sector
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PNB became the fifth bank to be penalised, with a penalty of Rs 1.31 crore which was imposed for non-compliance with RBI directions
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