Punjab National Bank Legal & Regulatory
Punjab National Bank received a monetary penalty of Rs. 4.33 Lakh from the RBI for non-compliance with currency chest operational guidelines.
- Value
- ₹0.04 Cr
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Punjab National Bank received a monetary penalty of Rs. 4.33 Lakh from the RBI for non-compliance with currency chest operational guidelines.
Punjab National Bank was fined Rs. 3.78 Lakh (0.04 Crore) by the RBI for non-compliance with operational guidelines regarding Currency Chests.
NSE withdrew a Rs. 0.0335 Crore penalty previously imposed on Punjab National Bank. The reversal follows a bank representation regarding VAPT vulnerability reporting.
Punjab National Bank reported regulatory non-compliances and associated penalties totaling ₹0.04 Crore for FY26. These related to board composition gaps and technical vulnerability assessment lapses.