Bank of India Receives RBI Penalty of ₹4.27 Lakh

Date: 10.07.2026

Regulatory Compliance Disclosure

Bank of India has made a disclosure under Regulation 30(4) read with Schedule III, Part A, Para A, Subpara 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Details of Regulatory Action

Order Details:

• Date of receipt of direction/order: 09.07.2026
• Authority: Reserve Bank of India (RBI)
• Nature of order: Imposition of monetary penalty
• Penalty amount: ₹4,27,600 (Four lakh Twenty Seven Thousand Six hundred Only)

Violation Details:

• Reason for penalty: Mutilated, counterfeit and shortages of notes detected in soiled note remittances
• Location of violation: Nagpur Currency Chest

Impact Assessment:

• The Bank states that the monetary penalty imposed by RBI has no material impact on the financial, operation or other activities of the Bank.

Other Sections

Not Specified: Financial Results, Dividend Declaration, KMP/Board Changes, Board Meeting Outcomes, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication