PNB fined ₹808,250 by RBI for operational guideline non-compliance

Punjab National Bank (PNB) has disclosed penalties totaling ₹808,250 imposed by the Reserve Bank of India (RBI) for non-compliance with operational guidelines of Currency Chests. The penalties were levied on September 9 and 11, 2026, with individual amounts of ₹2,91,750, ₹1,33,800, ₹1,34,600, and ₹2,99,600. The bank stated that the matter is operational and the penalties were debited directly from its RBI account, identified during periodic reconciliation. PNB is enhancing its reporting systems to ensure timely identification of such deductions in the future. The impact on the bank's financial activities is limited to the penalty amounts.