State owned Bank faces monetary penalty of Rs 3.35 lakh from BSE
Punjab National Bank faces a monetary penalty of Rs 3.35 lakh on 27th May 2025 by the Bombay Stock Exchange for Non-Closure of Vulnerability Assessment and Penetration Testing Vulnerabilities for FY24-25.
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New Delhi, 29 May 2025: State-owned Punjab National Bank faces a monetary penalty of Rs 3.35 lakh on 27th May 2025 by the Bombay Stock Exchange for Non-Closure of Vulnerability Assessment and Penetration Testing Vulnerabilities for FY24-25.
The reason for the penalty has been disclosed as Non-closure of Vulnerability Assessment and Penetration Testing (VAPT) vulnerabilities for Financial Year 2024-2025, according to SEBI Circular SEBI/HO/M I RSD/M IRSD-PoD1/P/CIR/2023/24 dated 06.02.2023 and Exchange Notice no. 20240916-2 dated 16.09.2024.
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The Bank is considering an appeal for waiver of the aforementioned penalty to the exchange within the prescribed timeline. Further, this would not impact the financial operations and other activities of the Bank.
Shares of PNB are trading down by 0.65% at Rs 101.63 on BSE.
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