RBI’s Audit Alarm Rings Again, PNB Penalised For Note Deficit

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

The Reserve Bank of India has imposed a monetary penalty of Rs 4.85 lakh on Punjab National Bank due to a shortage of notes at one of its currency chests. PNB confirmed the issue has minimal operational or financial impact, reflecting RBI’s stringent monitoring of currency chest compliance across banks.