Tax & Penalty13 Aug 2026, 05:24 pm
PNB fined ₹3.78 Lakhs by RBI for Operational Guideline Non-Compliance
AI Summary
Punjab National Bank (PNB) has been imposed a monetary penalty of ₹3,78,460 by the Reserve Bank of India (RBI). The penalty is a consequence of non-compliance with the operational guidelines of Currency Chests as per RBI's Master Directions. The bank received the communication regarding this order on August 12, 2026. The impact on the bank's financial and operational activities is limited to the extent of the penalty amount.
Key Highlights
- PNB penalized ₹3.78 Lakhs by RBI.
- Penalty due to non-compliance with Currency Chest operational guidelines.
- Financial impact limited to the penalty amount.
- Regulatory action by the central bank.
Price Impact
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