Bank of Baroda Subsidiary Penalized ₹13.76 Lakhs

Bank of Baroda has filed a regulatory disclosure regarding a penalty imposed on its subsidiary, BOB Capital Markets Limited.

Key Quantitative Figures

• Penalty Amount: ₹13,76,177.81 (Rupees Thirteen Lakh Seventy Six Thousand One Hundred Seventy Seven and Eighty One Paise)
• Financial Impact: The subsidiary will be directly impacted by this exact amount (₹13,76,177.81)

Authority and Date of Action

• Imposing Authority: NSE Clearing Ltd
• Date of Order/Communication: 03 July 2026

Details of Violation

The penalty was imposed due to Client Code Modification penalties. The specific violation involved punching errors by a dealer, where a trade was executed in the client code "NIAIF" instead of the correct code "NIAF7" (Institutional).

Impact Assessment

The disclosure explicitly states that the subsidiary's financials will be impacted by the penalty amount of ₹13,76,177.81. No additional operational impact is mentioned.