Tax & Penalty16 Jul 2026, 04:50 pm
PNB Penalty Withdrawal: NSE Reverses ₹3.35 Lakh Fine
AI Summary
Punjab National Bank (PNB) announced the withdrawal of a monetary penalty of ₹3,35,000 imposed by the National Stock Exchange of India Limited (NSE). The penalty was originally levied for non-closure of Vulnerability Assessment and Penetration Testing (VAPT) vulnerabilities for FY 2024-2025. PNB successfully represented its case to the NSE, leading to the withdrawal. This action aligns with SEBI advisory mandating that penalties for common trading members should be levied only by their designated allocated exchange.
Key Highlights
- NSE withdraws ₹3.35 Lakh penalty on Punjab National Bank.
- Penalty was for non-closure of VAPT vulnerabilities for FY25.
- Withdrawal follows PNB's successful representation to NSE.
- Action aligns with SEBI's directive on penalty imposition.
Price Impact
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