Punjab National Bank Secures Withdrawal of Monetary Penalty from NSE
Punjab National Bank has received a withdrawal of the monetary penalty previously imposed by the National Stock Exchange of India Limited (NSE) regarding non-closure of Vulnerability Assessment and Penetration Testing (VAPT) vulnerabilities for the Financial Year 2024-2025.The penalty, which was originally valued at Rs. 3,35,000 (Rupees Three Lakh Thirty-Five Thousand only), was initially levied by the NSE following a previous notice issued in June 2025. The withdrawal follows a representation submitted by the bank and aligns with SEBI Advisory guidelines, which specify that penalties for common Trading Members must be strictly levied only by their designated Allocated Exchange.
The details regarding the penalty withdrawal are summarized below:
| Item | Details |
|---|---|
| Original Penalty Amount | Rs. 3,35,000 |
| Issuing Authority | National Stock Exchange of India Limited (NSE) |
| Reason for Original Penalty | Non-closure of VAPT vulnerabilities (FY 2024-2025) |
| Status | Withdrawn |
| Basis for Withdrawal | SEBI Advisory on Allocated Exchange penalties |
PNB Stock Price Movement
Punjab National Bank shares today slipped by 0.53% to settle at ₹105.22. The stock saw significant activity with a turnover of 11.65 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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