Reserve Bank of India Imposes Penalty on Punjab National Bank for Operational Guideline Non-compliance
Punjab National Bank has been penalized by the Reserve Bank of India (RBI) regarding non-compliance with operational guidelines related to Currency Chests, according to details released by the bank.The RBI imposed a monetary penalty totaling Rs. 4,33,900/- on the bank. This action followed a review concerning adherence to the Master Directions issued by the RBI for Currency Chest operations.
Key details of the penalty and violation are presented below:
| Particulars | Details |
|---|---|
| Name of Authority | Reserve Bank of India |
| Nature and details of the action taken | Imposition of monetary penalty of Rs. 4,33,900/- |
| Date of receipt of direction or order | 20.08.2026 |
The violation committed involved non-compliance with operational guidelines of Currency Chests as set forth in the Master Directions of the RBI. The impact on financial, operational, or other activities of Punjab National Bank is quantifiable only to the extent of the penalty amount imposed by the authority.
PNB Stock Price Movement
On Friday, Punjab National Bank shares slipped by 1.23% to settle at ₹116.55 after trading action throughout the day. The equity saw a robust volume of 14.05 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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