The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 4,85,000 on Punjab National Bank (PNB) due to a shortage of notes at a currency chest. This penalty impacts the bank’s financial operations to the extent of the penalty amount. The order was received on 06.01.2026.
Penalty for Currency Shortage
Punjab National Bank (PNB) has been penalized by the Reserve Bank of India (RBI) with a monetary penalty of Rs. 4,85,000. This action stems from a reported shortage of notes at one of the bank’s currency chests.
Details of the Order
The RBI’s order, received on 06.01.2026, specifies that the penalty is related to a shortage of notes discovered during an inspection of a currency chest managed by PNB.
Financial Impact
The financial impact on Punjab National Bank as a result of this penalty is limited to the extent of the penalty amount, Rs. 4,85,000. The bank is taking measures to address the issues that led to the shortage and ensure compliance with RBI guidelines.
Source: BSE
