Indian Bank Penalized ₹1.88 Lakh by RBI

Date: 01.09.2026

Regulatory Disclosure

Indian Bank has made a mandatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Penalty Details

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,88,600.00 (Rupees one lakh eighty eight thousand six hundred only) on the Bank's Currency Chest located in Satna.

The penalty was imposed specifically for "soiled Note remittance irregularities."

Bank's Assessment and Impact

The Bank characterizes the penalty as being "related to routine operational activities."

The Bank states that "considering the size of operation of the Bank, the said penalty does not have any material impact on the Bank and its profitability."