Punjab National Bank (PNB) has been fined ₹1,56,53,000.00 by the Reserve Bank of India (RBI). The penalty was imposed for non-compliance with operational guidelines related to Currency Chests, as stipulated in the Master Directions of the RBI. The bank received the directive and order on 29.10.2026, with the financial impact solely attributed to the penalty amount.
RBI Imposes Penalty on PNB
Punjab National Bank (PNB) has been levied a significant monetary penalty by the Reserve Bank of India (RBI). The penalty amounts to ₹1,56,53,000.00 and was officially communicated to the bank on 29.10.2026.
Reason for Penalty
The imposition of this penalty stems from PNB’s non-compliance with the operational guidelines pertaining to Currency Chests. These guidelines are part of the Master Directions issued by the RBI. The specific violation alleged pertains to contravention of these established operational standards.
Financial Impact
The direct financial impact on Punjab National Bank as a result of this order is limited to the extent of the penalty amount itself, which is ₹1,56,53,000.00. There is no indication of broader operational or financial repercussions beyond this specific fine.
Source: BSE
