Company Registration 11 November 2026
Punjab National Bank Slapped with ₹1.25 Lakh RBI Fine
The Reserve Bank of India imposed a ₹1.25 lakh fine on Punjab National Bank for breaching currency chest regulations under its Master Directions, citing operational non‑compliance. The sanction is limited in scope, affecting the bank’s compliance record without direct impact on customers. RBI also warned that future lapses could attract higher penalties and urged banks to tighten internal controls.
Punjab National Bank (PNB) has been fined ₹1.25 lakh by the Reserve Bank of India (RBI) for violations related to its currency chest operations.
- The penalty comes under RBI Master Directions for operational non‑compliance.
- Impact is limited to the bank's compliance record; no direct financial loss to customers reported.
- RBI emphasized stricter monitoring of currency chest handling across banks.
For full details, see the original report.
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