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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
29 June, 2025 10:37 IST
RBI imposes Rs 4.91 lakh penalty on PNB Gilts for bouncing of SGL
Source: IRIS | 18 Mar, 2021, 05.57PM
Rating: NAN / 5 stars.
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 PNB Gilts is a leading primary dealer in the Government Securities Market on Wednesday said that the Reserve Bank of India (RBI), vide its mail dated Mar. 17, 2021, has imposed a monetary penalty of Rs 4,91,400 on the company for bouncing of SGL which lead to shortage of balance in certain securities in the Company's SGL account on Feb. 16, 2021.

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

Shares of the company declined Rs 1.25, or 2.49%, to settle  at  Rs 48.95.  The total volume of shares traded  was  126,818 at  the BSE (Thursday).



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