RBI imposes Rs 4.33 lakh penalty for currency chest non-compliance
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Reserve Bank of India imposed a monetary penalty of Rs 4,33,900 on Punjab National Bank on 20 August 2026 for not following operational guidelines for Currency Chests under its Master Directions. The bank said the impact is limited to the penalty amount.
The financial impact is limited, but the compliance failure may affect investor confidence and indicate a need for stronger controls.