NewsStocksPunjab National Bank Receives ₹4.85 Lakh RBI Penalty for Currency Chest Note ShortagePunjab National Bank Receives ₹4.85 Lakh RBI Penalty for Currency Chest Note Shortage
Punjab National Bank received a ₹4.85 lakh penalty from the Reserve Bank of India on January 6, 2026, for shortage of notes at its currency chest facility. The bank disclosed this regulatory action under SEBI guidelines, stating the financial impact is limited to the penalty amount with no additional operational implications.
*this image is generated using AI for illustrative purposes only.
Punjab National Bank has disclosed receiving a monetary penalty from the Reserve Bank of India for operational deficiencies at one of its currency chest facilities. The bank announced this development through a regulatory filing on January 6, 2026, in compliance with stock exchange disclosure requirements.
Penalty Details
The Reserve Bank of India imposed a monetary penalty of ₹4.85 lakh on the bank for shortage of notes at its currency chest. The bank received the penalty order on January 6, 2026, and promptly disclosed the information to stock exchanges as mandated under regulatory guidelines.
| Parameter | Details |
|---|---|
| Penalty Amount | ₹4.85 lakh |
| Issuing Authority | Reserve Bank of India |
| Date of Receipt | January 6, 2026 |
| Violation Type | Shortage of Notes at Currency Chest |
Regulatory Compliance
Punjab National Bank made this disclosure pursuant to Regulation 30 read with Schedule III Para A Sub Para 20 of SEBI (LODR) Regulations, 2015. This regulation requires listed entities to disclose material events and information that could impact stakeholder decisions, including regulatory penalties and actions.
Financial Impact Assessment
The bank has assessed that the financial impact of this penalty is limited to the monetary amount imposed by the regulatory authority. According to the disclosure, there are no additional operational or financial implications beyond the ₹4.85 lakh penalty amount.
| Impact Category | Assessment |
|---|---|
| Financial Impact | Limited to penalty amount |
| Operational Impact | Only to extent of penalty |
| Other Activities | No additional impact reported |
Currency Chest Operations
Currency chests are facilities where banks store cash on behalf of the Reserve Bank of India to facilitate currency distribution and management across different regions. Banks operating these facilities must maintain adequate stock levels and comply with specific operational guidelines set by the central bank.
The penalty reflects the importance of maintaining proper cash management systems and adherence to regulatory requirements for currency chest operations. Such facilities play a crucial role in the banking system's cash distribution network across the country.
Historical Stock Returns for Punjab National Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.28% | -0.62% | +0.90% | +9.15% | +19.11% | +246.43% |
15
