Bank of India Receives ₹4.27 Lakh RBI Penalty

Bank of India has made a disclosure to the National Stock Exchange of India Ltd. and BSE Ltd. in compliance with Regulation 30(4) read with Schedule III, Part A, Para A, Subpara 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The disclosure pertains to an order received from the Reserve Bank of India (RBI). The bank received a direction or order from the authority on 09.07.2026.

The specific details of the violation involve the imposition of a penalty for mutilated, counterfeit, and shortages of notes detected in soiled note remittances of the Nagpur Currency Chest operated by the bank.

The monetary penalty imposed by the RBI is ₹4,27,600 (Four Lakh Twenty Seven Thousand Six Hundred Only).

Regarding the financial impact, the bank explicitly states that this monetary penalty has no material impact on the financial, operation, or other activities of the Bank.

The disclosure was signed by Usha Ramsinghani, Company Secretary.