Tax & Penalty10 Nov 2026, 03:50 pm
PNB Penalized ₹1.24 Lakhs by RBI for Operational Lapses
AI Summary
Punjab National Bank (PNB) has been fined ₹1,24,913.01 by the Reserve Bank of India (RBI) for non-compliance with operational guidelines related to Currency Chests. The penalty stems from alleged violations of RBI's Master Directions. The impact on the bank's financial and operational activities is limited to the penalty amount. The RBI communicated this order on November 10, 2026.
Key Highlights
- RBI imposes ₹1.24 Lakhs penalty on PNB.
- Penalty is for non-compliance with Currency Chest guidelines.
- Impact limited to the penalty amount.
- RBI issued the order on November 10, 2026.
Price Impact
More from PNB