Punjab National Bank (PNB) has disclosed the imposition of a monetary penalty of Rs. 5,66,500/- by the Reserve Bank of India. This action was taken due to a confirmed violation concerning a shortage of notes at the Currency Chest. The bank confirmed receipt of the official order on March 10, 2026. PNB stated that the impact on its financial and operational activities is limited strictly to the amount of the penalty levied.
Regulatory Action Disclosure by PNB
Punjab National Bank (PNB) has formally announced a regulatory action involving the imposition of a monetary penalty following an inspection or audit. This disclosure is made pursuant to current corporate governance requirements for listed entities.
Details of Penalty Imposition
The regulatory authority responsible for this action was the Reserve Bank of India. The specific penalty amount levied against PNB stands at Rs. 5,66,500/-. The bank formally received the direction or order detailing this imposition on March 10, 2026.
Identified Violation
The core issue leading to the penalty involved a violation related to cash management procedures. Specifically, the details point to a Shortage of Notes at Currency Chest. This contravention was the basis upon which the penalty was determined and applied to the institution.
Quantification of Impact
In assessing the potential effect on the bank’s operations, PNB has clarified that the impact is quantifiable and restricted only to the extent of the amount of the penalty. There is no anticipated material effect on the bank’s broader financial or operational activities beyond this specific monetary charge.
Source: BSE
