PNB Fined ₹1.25 Lakh by RBI for Currency Chest Lapses
New Delhi: Punjab National Bank (NSE: PNB | BSE: 532461) has informed the stock exchanges about a monetary penalty imposed by the Reserve Bank of India.
Penalty Details
|
Particulars |
Details |
|---|---|
|
Name of the Authority |
Reserve Bank of India |
|
Nature of Action |
Monetary Penalty |
|
Amount of Penalty |
₹1,24,913.01 |
|
Date of Receipt of Order |
November 10, 2026 |
|
Reason / Violation |
Non-compliance with operational guidelines of Currency Chests as per Master Directions of RBI |
|
Impact on the Bank |
Limited only to the amount of the penalty |
The disclosure has been made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The bank has stated that the financial, operational, or other impact is restricted solely to the quantum of the penalty imposed.