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PNB Receives SEBI Warning Over Alleged Insider Trading Violations
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CNBC TV18•01-10-2026, 20:58
PNB Receives SEBI Warning Over Alleged Insider Trading Violations
- •Punjab National Bank (PNB) received an administrative warning from SEBI regarding alleged violations of insider trading rules.
- •The warning involves six individuals, including three designated persons at PNB and their immediate relatives.
- •The alleged violations concern trading in PNB shares between June 24, 2024, and August 6, 2024.
- •PNB clarified that the SEBI communication is cautionary and does not impose any financial penalty on the bank.
- •PNB shares closed down 2.79% on October 1 following the disclosure.
Key Questions Answered
Punjab National Bank received an administrative warning from SEBI over alleged insider trading violations involving three designated persons and their immediate relatives who traded in PNB shares between June 24, 2024, and August 6, 2024,.
No financial or monetary penalty was imposed on Punjab National Bank by SEBI's Investigations Department, as the warning communication is strictly cautionary in nature.
Punjab National Bank shares ended at ₹109.90 on October 1, marking a 2.79% decline from the previous close after the disclosure of the warning letter.
