RBI Imposes a ₹1.56 Crore Penalty on Punjab National Bank

On 29 October, Punjab National Bank disclosed that the Reserve Bank of India had imposed a monetary penalty of ₹1,56,53,000 for non-compliance with operational guidelines relating to currency chests. The bank reported receiving the order on the same date. The penalty relates to the specified regulatory non-compliance and should not be interpreted as a broader restriction on the bank’s operations. Banks, legal advisers and compliance teams can explore opportunities in regulatory reporting, audit trails and secure document-management systems. HPC can support compliance analytics, data governance and secure computing infrastructure; contact HPC for a quotation based on the confirmed scope of work.