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<h1>RBI Fines Punjab National Bank Rs. 1.31 Crore for Violating Loan, Advance, and KYC Regulations After 2022 Inspection.</h1> The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,31,80,000 on Punjab National Bank for non-compliance with RBI directions on loans, advances, and Know Your Customer (KYC) guidelines. The penalty follows a Statutory Inspection for Supervisory Evaluation conducted in 2022, revealing the bank's failure to comply with specific regulations. Violations included sanctioning loans to state-owned corporations against government receivables and failing to maintain customer identification records. The penalty reflects deficiencies in regulatory compliance, independent of the validity of the bank's transactions or agreements with customers. Further actions by RBI remain possible.