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| Exchange Received Time 03/08/2019 18:01:00 Exchange Disseminated Time 03/08/2019 18:01:09 Time Taken 00:00:09 | We advise that the Reserve Bank of India in exercise of powers conferred under Section 47(A)(1)(c) read with Section 46(4)(i) and Section 51 of the Banking Regulation Act, 1949, has imposed a penalty of Rs.1 Crore (Rupees one crore only) on Punjab & Sind Bank for delay in reporting fraud in M/s Kingfisher Airlines Limited.
We request you to take note of the above pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
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