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The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,24,913.01 on the Punjab National Bank (PNB) for non-compliance with operational guidelines relating to Currency Chests.
Details of the RBI Penalty on PNB
| Particulars | Details |
|---|---|
| Name of Authority | Reserve Bank of India (RBI) |
| Nature of Action | Imposition of monetary penalty |
| Penalty Amount | ₹1,24,913.01 |
| Date of Receipt of Order | November 10, 2026 |
| Reason for Penalty | Non-compliance with operational guidelines of Currency Chests as per RBI Master Directions |
| Financial Impact | Limited to the amount of the penalty |
This is the second penalty imposed on Bank in 15 days. On 29 October 2026, the Reserve Bank of India (RBI) had imposed a monetary penalty of ₹1,56,53,000 (approximately ₹1.56 crore) on the bank for non-compliance with operational guidelines relating to Currency Chests.
| Penalty Amount | ₹1,56,53,000 (Approx. ₹1.56 Crore) |
| Date of Receipt of Order | October 29, 2026 |
| Reason for Penalty | Non-compliance with operational guidelines of Currency Chests |
| Financial Impact | Limited to the amount of the penalty |
| Date of Disclosure | October 29, 2026 |
The penalty may be related to the Saharanpur scam, but the available evidence does not confirm that it was imposed specifically because of that scam.The Saharanpur case involves the discovery of suspected counterfeit currency worth approximately ₹17.29 crore in a Punjab National Bank (PNB) currency chest in Saharanpur, Uttar Pradesh. The case is being investigated by the National Investigation Agency (NIA).
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