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SEBI Issues Warning Letter to 3 PNB Officers Over Insider Trading Allegations
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CNBC Awaaz•01-10-2026, 19:58
SEBI Issues Warning Letter to 3 PNB Officers Over Insider Trading Allegations
- •Six individuals, including three designated persons from Punjab National Bank (PNB) and their close relatives, received an administrative warning letter from SEBI's Investigation Department.
- •The action relates to alleged violations of SEBI (Prohibition of Insider Trading) Regulations, 2015, during trading in the bank's shares.
- •SEBI's letter is dated September 30, 2026, and was received by PNB on October 1, 2026; the individuals traded shares between June 24, 2024, and August 6, 2024.
- •PNB stated that SEBI's letter is cautionary, and no financial penalty has been imposed on the bank.
- •PNB shares closed down 3.09% at ₹109.90 today, with a 52-week high of ₹135.15 and a low of ₹98.50.
Key Questions Answered
SEBI's Investigation Department issued an administrative warning letter due to the alleged violation of SEBI Insider Trading Regulations, 2015, involving three designated PNB officers and three of their close relatives who traded in the bank's shares between June 24, 2024, and August 6, 2024.
No financial penalty or monetary fine has been imposed on the bank, as SEBI's administrative warning letter is strictly cautionary in nature.
Following the disclosure, PNB shares experienced market pressure and closed down 3.09% at ₹109.90, compared to ₹113.40 in the previous trading session.
