PNB Gilts Gets Relief as ARCL Waives ₹17.26 Lakh Penalty Over Funds Shortage

PNB Gilts Ltd has received a significant breather after AMC Repo Clearing Limited (ARCL) approved the waiver of a ₹17.26 lakh penalty that was imposed for a brief funds shortfall in its settlement account on June 11, 2025. The waiver comes after the company promptly engaged with ARCL and submitted a formal request citing operational oversight and immediate corrective action.

 

Penalty Background:

Company’s Response:

Waiver Approval:

Operational Impact:

This resolution underscores PNB Gilts’ proactive governance and ARCL’s balanced approach to enforcement—ensuring accountability without penalizing isolated, lowrisk lapses.

 

Source: PNB Gilts Exchange Filing, Business Standard, Screener