PNB Receives RBI ₹1.56 Crore Currency Chest Penalty

Key Quantitative Figures

• Monetary Penalty Amount: ₹1,56,53,000.00 (₹1.56 crore)

Dates of Action

• Date of Receipt of RBI Order: 29 October 2026
• Disclosure Date: 29 October 2026

Parties or Entities Involved

• Authority Imposing Penalty: Reserve Bank of India (RBI)
• Listed Entity: Punjab National Bank (PNB)
• Disclosure Signatory: Bikramjit Shom, Company Secretary

Details of Violation

The penalty was imposed for non-compliance with the operational guidelines of Currency Chests as per the Master Directions issued by the RBI.

Financial Impact

As explicitly disclosed, the financial impact on the bank is quantifiable only to the extent of the penalty amount of ₹1.56 crore. No further operational or financial impact is quantified in the disclosure.