Punjab National Bank penalised one lakh twenty-five thousand rupees by the Reserve Bank of India

The Reserve Bank of India imposed a monetary penalty of one lakh twenty-five thousand rupees on Punjab National Bank for rule breaches concerning currency chests. Regulatory authorities routinely inspect banking facilities to ensure cash management adheres to established protocols. Currency chests act as operational extensions of the central bank, distributing banknotes and rupee coins to commercial bank branches.

When institutions fail to maintain prescribed standards within these secure facilities, supervisory authorities issue financial penalties to enforce corrective behavior and uphold monetary discipline. Compliance teams must review internal audit reports and rectify any operational deficiencies identified in cash handling facilities. Practitioners should monitor upcoming regulatory advisories and ensure staff training meets central bank standards to avoid future penalties.

This enforcement action serves as a reminder that even minor procedural lapses in physical cash infrastructure attract supervisory scrutiny.