Free Press Journal
  • Hong Kong regulator enhances supervision of Punjab National Bank’s Hong Kong branch

    New Delhi: State-owned Punjab National Bank (PNB) today said the Hong Kong Monetary Authority (HKMA) has enhanced supervision of its Hong Kong branch and has asked it “not to proactively solicit customer deposits”. “…In view of the capital position of the bank as at March 31, 2018, being below the regulatory requirement (including counter cyclical buffer) of Reserve Bank of India, Hong Kong Monetary Authority (HKMA) is enhancing the supervisory arrangements on our Hong