PNB Gilts Gets Relief—ARCL Waives Penalty Amid Compliance Review

Unknown Apr 02, 2026 3 Views

Punjab National Bank (PNB) has confirmed that its subsidiary, PNB Gilts Ltd, has received a waiver of penalty previously imposed by the Asset Reconstruction Company (ARCL). The waiver comes after a detailed compliance review and internal clarifications submitted by the unit, which satisfied the r...