PNB GILTS LTD. has informed the Exchange aboutUpdate on our Intimation dtd. 13.06.2025 regarding imposition of penalty charge due to Funds Shortage on June 11, 2025
PNBGILTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PNB Gilts, a subsidiary of Punjab National Bank, provided an update on a penalty imposed by AMC Repo Clearing Limited due to a delay in crediting funds to the settlement bank account on June 11, 2025. The funds, which were required to be made available by 2:00 PM, were credited at 2:58 PM — a delay of 58 minutes. The company clarified that the delay was caused by an internet banking issue at the banker's server, which was beyond its control, and that it had sufficient balance to meet the obligation. The company has already requested AMC Repo Clearing Limited to waive the penalty and is following up on the matter.
This is a minor operational issue caused by the bank's server, not a financial or regulatory concern for the company. The company had adequate funds, and a waiver request is in progress, so any financial impact is expected to be negligible and unlikely to affect the stock price.