Regulatory29 Oct 2026, 07:31 pm
PNB fined ₹1.56 Cr by RBI for Currency Chest Non-Compliance
AI Summary
Punjab National Bank (PNB) has been imposed a monetary penalty of ₹1,56,53,000.00 by the Reserve Bank of India (RBI). The penalty is a consequence of non-compliance with operational guidelines related to Currency Chests, as outlined in the RBI's Master Directions. The bank received the order on October 29, 2026. The financial impact is limited to the penalty amount itself.
Key Highlights
- RBI imposes ₹1.56 Crore penalty on PNB.
- Penalty due to non-compliance with Currency Chest guidelines.
- Order received by the bank on October 29, 2026.
- Financial impact limited to the penalty amount.
Price Impact
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