PNB fined ₹15.38 crore by SAFEMA Tribunal over PMLA order

• Punjab National Bank (PNB) has been fined ₹15.38 crore by an appellate tribunal under the SAFEMA Act.
• The penalty resulted from an appeal against an FIU-India director's order under PMLA Section 13, covering 01.04.2016 to 30.11.2017.
• PNB has taken corrective steps, provisioned the full amount, and expects no significant impact on its financials.
• The bank received the order on November 19, 2025, and can appeal to the High Court within 45 days.

Why It Matters: PNB's fine for PMLA non-compliance highlights strict regulatory penalties for banks.