RBI imposes penalty of Rs. 4,91,400 on PNB Gilts Ltd

The Reserve Bank of India ("RBI"), vide its mail dated today i.e. March 17, 2021 has imposed a monetary penalty of Rs. 4,91,400 (Rupees Four Lakhs Ninety One Thousand and Four Hundred Only) on PNB Gilts Ltd for bouncing of SGL which lead to shortage of balance in certain securities in the Company's SGL account on February 16, 2021.

The Company has since enhanced its review mechanism so as to ensure that such incidents do not recur.

Shares of PNB GILTS LTD. was last trading in BSE at Rs.49.1 as compared to the previous close of Rs. 49.3. The total number of shares traded during the day was 60894 in over 402 trades.

The stock hit an intraday high of Rs. 49.95 and intraday low of 48.9. The net turnover during the day was Rs. 3002942.

Source : Equity Bulls

Keywords