RBI’s swift action against this government bank! Fine of ₹1.71 crore in 3 months, yet shares rise; Now what happened?

The Reserve Bank of India (RBI) keeps a constant eye on the functioning of banks. It is also the responsibility of banks to follow the operational rules related to currency chests. RBI can impose fine for default in these rules. In the case of government bank Punjab National Bank (PNB), many such penalties have come to light during the last few months.

According to PNB’s stock exchange filings, the bank has given information about several penalties imposed by RBI between August and November 2026. By adding the penalties recorded in these four filings, the total amount comes to ₹ 1,70,71,563.01 i.e. approximately ₹ 1.71 crore. The main reason for these actions has been non-adherence to the operational guidelines of the currency chest.

How much fine was imposed on which date?

The details of the fine recorded in the filings issued by PNB are as follows:

There were four separate penalties recorded in the filing of October 14, the total amount of which was ₹8.59 lakh. At the same time, in the filing of October 29, a fine of ₹ 1.56 crore was recorded, which is the largest amount among these four filings.

The bank said in its filings that the impact on financial, operational or other activities in these cases is limited to the amount of the penalty.

What is the default in currency chest rules?

In RBI filings, the reason for the penalty was stated to be non-adherence to the operational guidelines of the currency chest. Currency chest is a system of banks through which work related to storage and distribution of currency notes is done.

What happened to the stock amid the fine?

A recent rise in PNB shares was recorded amid RBI action. As per available market data, the stock was trading at ₹132. There was an increase of ₹ 6.25 i.e. 4.97 percent. The 52-week high of the share is ₹135.15.

If we look at the performance of the stock in different periods:

That is, according to the available data, the share was about ₹ 3.15 below its 52-week high.

matter of interest to investors

RBI has continuously imposed penalty on PNB, the total amount of which is around ₹ 1.71 crore, although its effect is not visible on the bank’s shares.