Canara Bank has submitted a regulatory disclosure to the National Stock Exchange of India Ltd regarding a monetary penalty imposed by the Reserve Bank of India (RBI).
The disclosure, made under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with Schedule III, informs that the RBI has imposed a monetary penalty of ₹1,49,450 (Rupees One Lakh Forty-Nine Thousand Four Hundred Fifty Only) on the bank.
The penalty was levied specifically on account of three violations related to Currency Chest (CC) remittance:
- CC Remittance Shortage: ₹1,24,100
- Mutilated Notes in CC Remittance: ₹23,350
- Counterfeit in CC Remittance: ₹2,000
The total penalty amount of ₹1,49,450 represents the sum of these individual violations.
The bank received the RBI order on August 10, 2026. The disclosure explicitly states that the financial impact is limited to the amount of the penalty itself, with no additional quantifiable impact on financial, operational, or other activities mentioned.
The intimation was digitally signed by Santosh Kumar Barik, Company Secretary of Canara Bank, on August 10, 2026, at 14:06:15 IST.