Bank of Baroda Receives RBI Penalty of ₹63.60 Lakhs

Intimation under SEBI LODR Regulations

Bank of Baroda has received an intimation regarding a penalty imposed by the Reserve Bank of India (RBI). This disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015.

Penalty Details

• Authority: Reserve Bank of India (RBI)
• Penalty Amount: ₹63.60 lakhs (Rupees Sixty Three Lakh Sixty Thousand Only)
• Order Date: July 3, 2026
• Financial Impact: The penalty amount will directly impact the bank's Profit & Loss account

Reasons for Penalty

The RBI imposed the penalty for two specific regulatory violations:

1. The bank collected interest higher than the contracted rate of interest in certain loan accounts

2. The bank failed to upload KYC records of certain customers onto the Central KYC Records Registry (CKYCR) within the prescribed timeline

Disclosure and Communication

The intimation was digitally signed by S Balakumar, Company Secretary of Bank of Baroda, on July 3, 2026 at 18:58:42 IST. The disclosure was submitted to both BSE Limited (Scrip Code: 532134) and National Stock Exchange of India Limited (Scrip Code: BANKBARODA) for public dissemination.